By Whose Standards Are Internal Control Weaknesses Commonly Categorized into Three

question 119

Multiple Choice

By whose standards are internal control weaknesses commonly categorized into three groups?

• A)Both PCAOB and U.S.GAAS
• B)PCAOB only
• C)U.S.GAAS only
• D)Neither PCAOB nor U.S.GAAS

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Definitions:

Construct Validity

The degree to which a test or instrument measures the theoretical construct it is intended to measure.

Face Validity

The extent to which a test or instrument appears to measure what it is supposed to measure, based on a superficial assessment.

Third-variable Problem

A confounding issue in research that occurs when a seemingly causal relationship between two variables is actually caused by an unseen, third variable.

Talkativeness

The quality or state of being inclined to talk a lot or engage in conversation frequently.