Firm a Performs Audits of 60 Public Entities,while Firm B

question 34

Multiple Choice

Firm A performs audits of 60 public entities,while firm B performs audits of 120 public entities.How often must each firm undergo a PCAOB inspection?

• A)Both firm A and firm B will be inspected every other year.
• B)Firm A will be inspected annually and firm B will be inspected every three years.
• C)Firm A will be inspected every three years and firm B will be inspected annually.
• D)Both firm A and B will be inspected annually.

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