According to the PCAOB Guidance for Auditors of Smaller Public

question 43

Multiple Choice

According to the PCAOB Guidance for Auditors of Smaller Public Companies, which of the following important control characteristics is likely to exist in smaller companies?

• A) Risk of management override.
• B) Use of entity-level controls to achieve control objectives.
• C) Limited opportunities for segregation of duties.
• D) All of the above are important control characteristics existing in small company environments.

---

Definitions:

Union Membership

The act of belonging to an organized group of workers, often in the same trade or profession, that aims to protect and advance their interests and rights.

Affordable Child Care

refers to childcare services that are financially accessible to families, contributing to economic stability and allowing parents to work or pursue education.

Earnings

The amount of money that an individual or business receives in exchange for providing a service or through investing capital.

Political Participation

The involvement of citizens in the political process, ranging from voting in elections to engaging in political discussions or activism.