How Often Does the PCAOB Inspect Registered Accounting Firms That

question 44

Multiple Choice

How often does the PCAOB inspect registered accounting firms that audit fewer than 100 issuers?

• A)Annually.
• B)Every two years.
• C)Every three years.
• D)Every five years.

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Definitions:

Shuttle Bus

A bus service that travels frequently between two points, such as between an airport and a city center, designed to shuttle passengers in a short time.

True Proportion

The actual proportion of individuals in a population that exhibits a particular trait or characteristic.

Confidence Interval

A swath of values from sample statistical analysis, considered probable to contain the value of an undefined population attribute.

Childcare

The care, supervision, and nurturing of children, typically performed by someone other than the child's parents or legal guardians.