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This report analyzes the impact of consolidation in the public accounting firms market, focusing on the barriers faced by smaller firms, the implications of mergers on competition, audit fees, and the quality of auditing practices. It particularly highlights the dominance of the Big 4 firms in the auditing of public companies and the effects of the Sarbanes-Oxley Act of 2002 on the auditing profession.
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GAO-03-864 is a form used for financial reporting and auditing purposes by organizations that receive federal funding.
Organizations that receive federal funds and meet specific criteria set by the government are required to file GAO-03-864.
To fill out GAO-03-864, organizations must provide detailed financial information, including funding sources, expenditures, and compliance with federal regulations.
The purpose of GAO-03-864 is to ensure transparency and accountability in the use of federal funds by requiring organizations to report financial data.
Organizations must report information including total federal funding received, expenditures, project outcomes, and compliance with applicable laws and guidelines on GAO-03-864.
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