The Auditor Will Modify the Audit Report on ICFR Effectiveness

question 54

True/False

The auditor will modify the audit report on ICFR effectiveness when management's annual certification pursuant to Section 302 of the Sarbanes-Oxley Act is misstated.

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Definitions:

Capacitive Reactance

The measure of opposition that a capacitor presents to alternating current, depending on the frequency of the current and the capacitance value.

Capacitive Reactance

A measure of opposition that a capacitor offers to alternating current (AC), dependent on the frequency of the current and the capacitor's capacitance.

Applied Frequency

The frequency, typically measured in hertz (Hz), at which an alternating current (AC) is supplied to a circuit or device.

Capacitor

An electronic component that stores electrical energy in an electric field, commonly used in circuits to filter, stabilize, or store voltage temporarily.