Examlex
In proposed PCAOB Rule 4012, "Inspection of Foreign Registered Public Accounting Firms" issued for comment in December 2007, which of the following is NOT one of the broad principles upon which the board may place full reliance on the inspection program of qualified non-U.S. auditor oversight entities?
High Standards
The principles or criteria that must be met to achieve excellence or superior quality in a task, product, or behavior.
Stockholders
Individuals or entities that own shares in a corporation, giving them a stake in the company's performance and decisions.
Reputation for Quality
The perception held by customers and the wider public that a company consistently delivers products or services of high quality.
Computer-Based Technology
Technology that relies on computers for operation, encompassing both hardware and software applications.
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