Which of the Following Is NOT a Common Audit Deficiency

question 36

Multiple Choice

Which of the following is NOT a common audit deficiency in PCAOB inspections?

• A) Inadequate internal controls over financial reporting
• B) Maintaining an independent audits
• C) Lack of due care
• D) Inability to exercise the appropriate level of professional skepticism

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Definitions:

Receptive Audience

An audience that is open and willing to listen, understand, and accept the message being communicated.

Open-Ended Questions

Inquiries designed to encourage a full, meaningful answer using the respondent's own knowledge and/or feelings, beyond a simple yes or no.

Regulation Authorities

Organizations or governmental bodies responsible for overseeing and enforcing laws and standards within specific industries or sectors to ensure compliance and protect public interests.

Stipulated Requirements

Specific conditions or standards that are explicitly stated and agreed upon, often within a contract or agreement.