When Performing an Internal Control Audit Under PCAOB Standards, One

question 51

Multiple Choice

When performing an internal control audit under PCAOB standards, one or more material weaknesses in internal control that exist at year-end will result in what type of report(s) ? $$\begin{array} { | l | c | c | } \hline & \text { Qualified } & \text { Disclaimer } \\\hline \text { A. } & \text { Yes } & \text { Yes } \\\hline \text { B. } & \text { Yes } & \text { No } \\\hline \text { C. } & \text { No } & \text { Yes } \\\hline \text { D. } & \text { No } & \text { No } \\\hline\end{array}$$

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

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Definitions:

Insight

Insight is the understanding of a specific cause and effect within a specific context, often leading to a solution to a problem or an understanding of a psychological issue.

Self-Awareness

The realization of one's personal attributes, emotional states, motivations, and wants.

Cognitive Therapies

A category of psychotherapeutic treatments that help patients understand the thoughts and feelings that influence behaviors, aiming to modify dysfunctional thinking patterns.

Conditioned Responses

Reactions that are learned through the process of conditioning, where an initially neutral stimulus becomes associated with a particular environmental cue.