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[The following paragraph became effective February 6, 2006, and was amended as a result of the adoption of Auditing Standard No. 5, effective for audits of fiscal years ending on or after November 15, 2007. See PCAOB Release 2007-005A.

Return to the current version.]
 

4.         The engagement described by this standard is voluntary.  The standards of the PCAOB do not require an auditor to undertake an engagement to report on whether a previously reported material weakness continues to exist.  The auditor may audit the company's internal control over financial reporting in accordance with Auditing Standard No. 2 without ever performing an engagement in accordance with this standard.