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How do the risk and materiality thresholds change in a government audit compared to a financial statement audit of a public company?
Pantry
A small room or closet where food, dishes, and utensils are kept.
Coffeepot
A container or device for brewing coffee, typically with a spout and handle.
Frame of Reference
A set of criteria or stated values in relation to which measurements or judgments can be made.
Empathy
True understanding of another’s perspective.
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