A Material Weakness Because the Oversight of the External Financial

question 11

Multiple Choice

A material weakness because the oversight of the external financial reporting function by the audit committee is ineffective will ordinarily result in communication to: $$\begin{array} { | l | l | c | } \hline & \text { PCAOB } & \begin{array} { c } \text { The } \\\text { Stock } \\\text { Erchange } \\\text { That the } \\\text { Company } \\\text { is Listed } \\\text { On }\end{array} \\\hline \text { A. } & \text { Yes } & \text { Yes } \\\hline \text { B. } & \text { Yes } & \text { No } \\\hline \text { C. } & \text { No } & \text { Yes } \\\hline \text { D. } & \text { No } & \text { No } \\\hline\end{array}$$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

---

Definitions:

Standardization

In psychological testing, the process by which one obtains and organizes test scores from various population groups, so that the results of a person’s completing a test can be compared to those of others of his or her gender, in his or her age group, and so on.

Population Groups

Categories of individuals, often distinguished by sociodemographic or genetic characteristics, used in the analysis of epidemiological and sociological research.

Test Scores

Quantitative measures used to evaluate and compare an individual’s knowledge or understanding in a specific area or subject.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.