At a Minimum,in Order to Comply with PCAOB AS 2201,an

question 24

Multiple Choice

At a minimum,in order to comply with PCAOB AS 2201,an auditor of a public company that has material transactions processed by a service organization would have to request from the service organization

• A)a description of its internal controls.
• B)a type one service auditors' report.
• C)a type two service auditors' report.
• D)a Service Organization Control (SOC)3 report.

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Definitions:

Artificial Situation

A controlled environment or scenario often created in experiments or simulations to study behavior or responses under specific conditions.

Hypothesized Causes

Proposed explanations or factors believed to potentially explain certain phenomena or outcomes.

Random Sample

A selection technique where participants are chosen randomly from a larger population, ensuring that every individual has an equal chance of being included in the sample, used to gather unbiased data.

Randomization

The process of making something random; in experimental design, it is the practice of assigning trial subjects randomly to treatment or control groups to prevent bias.