Based on PCAOB Standards for an Internal Control Audit,which of the Following

question 20

Multiple Choice

Based on PCAOB standards for an internal control audit,which of the following is least likely to indicate a significant deficiency relating to a client's antifraud programs?

• A)No program for anonymous submissions of alleged fraud.
• B)Audit committee's active engagement in discussions on the topic of fraud.
• C)Senior management delegates to lower levels responsibility for oversight of antifraud programs.
• D)Lack of audit committee interaction with the internal audit department.

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Definitions:

Leadership Construct

An abstract idea or theory formulated to understand the elements, qualities, and dynamics of leadership.

Behavior Approach

A method in psychology and management focusing on observable behaviors and the external stimuli that influence them, as opposed to internal thought processes.

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization.

Exclusively

Refers to something being limited to or applicable only for a certain condition or situation.