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    Auditing Study Set 1
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    Exam 5: Professional Auditing Standards and the Audit Opinion Formulation Process
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    The American Institute of Certified Public Accountants No Longer Retains
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The American Institute of Certified Public Accountants No Longer Retains

Question 16

Question 16

True/False

The American Institute of Certified Public Accountants no longer retains the right to set audit standards for any engagements as the Securities Exchange Commission has relinquished such power.

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