Describe how the following fit into an overall regulatory framework that guides external audits:

b) Describe two reasons why a firm like this firm would want an audit even if they were not required to do so by the SEC. I am looking for substantive reasons that show you understand the importance of auditing in capital markets and why possible stakeholders like lenders and investors would want a firm like this to have an audit.

c) Describe three organizations, boards, or groups that have legal authority to regulate aspects of your audit of this client and discuss how that organization, board, or group would regulate your work on this audit.

2) Describe how the following fit into an overall regulatory framework that guides external audits: the Auditing Standards Board’s (ASB’s) 10 Generally Accepted Auditing Standards, SAS (The ASB’s Statements of Auditing Standards), PCAOB rules, and ISA (International Standards on Auditing). By “fit into a regulatory environment” I mean that I want to you cover the organizations that promulgates these standards, how those organizations and the standards relate to each other, and what types of audits they apply to.

3) For of the following situations, indicate whether it vi

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