All of the Following Are ICFR-Related Audit Deficiencies in PCAOB

question 37

Multiple Choice

All of the following are ICFR-related audit deficiencies in PCAOB inspection reports except:

• A) Inadequate testing of management review controls
• B) Inadequate testing of the top-down risk-based approach
• C) Inadequate qualifications of auditors
• D) Inadequate identification of information technology risks

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Definitions:

Fixture

An item of personal property that becomes real property when attached in a permanent manner to real estate.

Ceiling Fan

An electrically powered mechanical fan mounted to the ceiling of a room, used to circulate air and often contribute to cooling.

Fixtures

Personal property that has become so attached to real property that it is legally considered part of the real property; usually, this includes items like heating systems, built-in bookcases, or plumbing.

Real Property

Land and anything permanently attached to it, including buildings and other structures.