(TCO D) Discuss five steps individual practicing auditors can take to minimize their legal liability

Describe the six related audit transaction objects and indicate whether they pertain solely to Sarbanes Oxley or non-publicly traded companies.

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Steps vary depending on the levels of operations with given magnitudes. In this regard, the professional level requires setting stronger auditing standards with a continuous update of the code of conducts. Also, users need to be educated about their work procedures to ensure that they duly comply with the established standards (Sarbanes-Oxley, 2012). On the other hand, the firm …

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