According to the PCAOB, Who Is Responsible for the Reliability

question 59

Multiple Choice

According to the PCAOB, who is responsible for the reliability of the internal controls over financial reporting process of an entity?

• A)The entity's CEO and/or CFO.
• B)The entity's board of directors.
• C)An internal control specialist.
• D)The external auditor.

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Definitions:

Premises

Statements or propositions from which another is inferred or follows as a conclusion.

Syllogism

A deductive argument presented in the form of two supporting premises and a conclusion.

Deductive Argument

A claim that asserts its outcome is an inevitable result of the presented premises.

Inductive Argument

A reasoning that suggests its outcome likely results from the initial assertion.