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:

Dispositional

Pertaining to one's inherent qualities of mind and character, influencing behavior and reactions.

Situational

Relating to or dependent upon a particular set of circumstances or context.

Altruistically

Acting with an unselfish concern for the welfare of others.

Entrapped

The condition of being caught or trapped, either physically in a confined space or metaphorically in a situation.