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Why are the same rules for big firms auditing big public companies being applied to the small firms reviewing private companies?

April 26, 2017applied Auditing big companies firms private public reviewing rules small

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Why are the same rules for big firms auditing big public companies being applied to the small firms reviewing private companies?

1 Answer

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The rules related specifically to audits of large public companies (market capitalization or total assets over $10m) do not apply to private companies or small public companies.