Which of the Following Is Not a Control That the PCAOB

question 91

Multiple Choice

Which of the following is not a control that the PCAOB has identified that auditors should consider in evaluating whether or not an organization has sufficiently addressed fraud risk?

• A)Controls over significant,unusual transaction.
• B)Controls over related-party transactions.
• C)Controls related to marketable securities.
• D)Controls related to significant management estimates.

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Definitions:

Entrance

refers to the act or point of entering, which can be physical, such as entering a building, or metaphorical, such as entering a market.

Reducing Profits

Actions or factors that decrease the earnings or profitability of a business.

Monopolistic Competition

A market structure in which many firms sell products that are similar but not identical.

Differentiated Products

Goods or services that are distinct in quality, features, or branding, which are not perfect substitutes and allow for product variety in the market.