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:

Electra

In psychoanalytic theory, it refers to a girl's psychosexual competition with her mother for possession of her father.

Oedipal

Relating to the Oedipus complex, a concept in Freudian psychoanalysis that describes a child's feelings of desire for their opposite-sex parent and jealousy toward the same-sex parent.

Persona

The social face or character that an individual presents to the world, often different from their true self.

Professional

Pertaining to a person engaged or qualified in a profession that requires a certain level of education, skill, or training.