In the audit of a nonpublic company, the auditors have a responsibility to report on all FASB-required supplementary information.

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The Generally Accepted Auditing Standards (GAAS) state that auditors of nonpublic companies are required to report on all FASB-required supplementary information. This is to ensure that the financial statements are complete and in compliance with accounting standards.

In the Audit of a Nonpublic Company, the Auditors Have