1.PCAOB has oversight over external and internal auditors. A. True B. False 2. The primary objective...

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1.PCAOB has oversight over external and internal auditors. A. True B. False 2. The primary objective...

1.PCAOB has oversight over external and internal auditors.

A. True B. False

2. The primary objective of the PCAPB is to provide oversight over public companies that file their financials with the Securities and Exchange Commission

A. True B. False

3. Auditing standards require that the firms have a system of quality controls to assure itself of compliance with auditing standards.

A True B. False

4. An Auditors' opinion on internal controls over financial reporting is:

A. As of the balance sheet date

B. For the period covered by the income statement

C. A and B

business accounting

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Answer 1

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1.PCAOB has oversight over external and internal auditors.

True.

2. The primary objective of the PCAPB is to provide oversight over public companies that file their financials with the Securities and Exchange Commission.

True.

3. Auditing standards require that the firms have a system of quality controls to assure itself of compliance with auditing standards.

True.

4. An Auditors' opinion on internal controls over financial reporting is:

Option A.

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Answer 2

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