Which of the Following Is Not True for Audit Firms

question 53

Multiple Choice

Which of the following is not true for audit firms who audit publicly traded companies?

• A)They must undergo a PCAOB inspection on an annual basis if they audit more than 100 issuers.
• B)They must have an AICPA peer review on all audit clients.
• C)They must have an AICPA peer review on all non-publicly traded clients.
• D)The audit firm can choose which CPA firm they wish to conduct their AICPA peer review.

Understand the implications of transactions on the accounting equation (Assets = Liabilities + Stockholders’ Equity).

Understand the ethical implications of diversity and discrimination in the workplace.

Identify and discuss various forms of discrimination in the workplace, including racism, sexism, and homophobia.

Recognize stereotypes, myths, and misconceptions about minority groups in the workplace.