PCAOB Auditing Standard 5 Does Not Identify Which of the Following

question 6

Multiple Choice

PCAOB Auditing Standard 5 does not identify which of the following situations as one in which the auditor will modify the audit report on ICFR effectiveness?

• A) When there is a restriction on the scope of the engagement.
• B) When there is other information contained in management's annual report on ICFR.
• C) When elements of management's annual report on internal control are incomplete or improperly presented.
• D) When the annual report includes a copy of the annual certification pursuant to Section 302 of the Sarbanes-Oxley Act.

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Definitions:

Independent Variable

In scientific research, the factor that is deliberately adjusted or controlled to test its effect on the outcome being studied.

Regression Equation

A formula that represents the relationship between a dependent variable and one or more independent variables, used to predict or estimate outcomes.

SSE

Cumulative squared discrepancies between predicted values by a model and the corresponding actual data points.

Coefficient Of Determination

A measure used in statistical analysis that assesses how well a model explains and predicts future outcomes, represented as a value between 0 and 1.