Which of the Following Management Responsibilities Is Not Established Under

question 33

Multiple Choice

Which of the following management responsibilities is not established under PCAOB standards?

• A) To present a written assessment of the effectiveness of the company's internal control over financial reporting as of the end of the company's most recent fiscal year.
• B) To accept responsibility for the effectiveness of the company's internal control over financial reporting.
• C) To evaluate the effectiveness of the company's internal control over financial reporting using suitable criteria.
• D) To perform cost-benefit analysis with respect to internal controls relating to assertions having a material effect on the financial statements.
• E) To support it's evaluation of internal control with sufficient evidence, including documentation.

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Definitions:

IUPAC Name

Naming chemical compounds systematically in accordance with the standards set by the International Union of Pure and Applied Chemistry.

Ethylthio

A functional group in organic chemistry characterized by an ethyl group attached to a sulfur atom, often imparting specific properties to molecules.

Methoxymethyl

A protective group used in organic synthesis, characterized by the presence of a methoxy (-OCH3) and a methyl (-CH3) group.

Enantiomeric Epoxides

Chiral epoxides that are mirror images of each other but cannot be superimposed, important in asymmetric synthesis.