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March 2010
AICPA Releases Business and Industry Guide to Understanding Internal Control for Smaller Entities
From AICPA news.
A new AICPA white paper describes the concept of internal control and the internal control services that smaller entities may hire a CPA practitioner to perform. The guidance is targeted to both audit committee members and financial managers who must understand how such services and independence may affect the CPAs they hire to perform compilations, reviews or audits.

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