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Matt Gunlock, CPA, is performing an audit of the City of Ryan in accordance with...

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Accounting

Matt Gunlock, CPA, is performing an audit of the City of Ryan in accordance with generally accepted auditing standards.

Required:

a. Must Matt be concerned with the city's compliance with laws and regulations? Explain.

b. How should Matt decide on the nature and extent of the tests of compliance that should be performed in the audit?

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