The Three PCAOB General Standards Are Concerned with

question 61

Multiple Choice

The three PCAOB general standards are concerned with

• A) Adequate training and proficiency of the auditor, proper planning and supervision, and due professional care.
• B) Adequate training and independence.
• C) Due professional care.
• D) Both b and c.

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Definitions:

Processing Line

A sequence of mechanical or chemical operations performed in order to prepare a product for market or further processing.

Hourly Wage

The rate of payment to a worker for each hour worked.

Power Plant Engineer

A professional engineer who is involved in the design, construction, maintenance, and operation of power plants and equipment for generating electricity.

Statutory Holidays

Public holidays established by law, during which employees are entitled to have the day off with pay.