Which of the Following Is Correct Concerning the PCAOB's Concept

question 11

Multiple Choice

Which of the following is correct concerning the PCAOB's concept of a significant account?

• A)It is the same as a relevant assertion.
• B)The auditor need only consider significant accounts when controls do not operate effectively.
• C)In deciding whether an account is a significant account one does not consider the effect of internal control.
• D)It is an account for which qualitative materiality considerations are particularly important.

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Definitions:

Expressive Aphasia

A condition characterized by the loss of the ability to produce language (spoken or written), typically caused by damage to the brain's language areas.

Receptive Aphasia

A language disorder resulting from damage to the brain's language comprehension area, causing difficulty understanding spoken or written language.

Global Aphasia

A severe form of aphasia where individuals lose the ability to understand language, speak, read, or write due to extensive damage to the language areas of the brain.

Traumatic Brain Injury

An injury to the brain caused by an external force, which can lead to temporary or permanent cognitive, physical, or emotional impairments.