Most public companies must follow the guidelines of AS5.

Name: Most public companies must follow the guidelines of AS5.
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AS5 refers to Auditing Standard No. 5, which provides guidance to auditors on planning and executing an audit of internal control over financial reporting. It applies to public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934. Therefore, most public companies must follow the guidelines of AS5.

Most Public Companies Must Follow the Guidelines of AS5