Which of the Following Is Correct About the PCAOB

question 28

Multiple Choice

Which of the following is correct about the PCAOB?

• A)The PCAOB receives its authority from the SEC
• B)Auditing standards issued by the PCAOB must be approved by the U.S.Congress
• C)The PCAOB requires companies with stock listed on a U.S.stock exchange to have an integrated audit by an auditor registered with the PCAOB
• D)All audit firms performing audits of public companies are registered with and agree to comply with the auditing procedures established by the PCAOB

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Definitions:

Service Quality

refers to the assessment of how well a delivered service matches the expectations of the customer, often determining customer satisfaction and loyalty.

Communication Gap

A communication gap occurs when there is a misunderstanding or lack of information between individuals or groups, leading to errors or conflicts.

Empowerment Gap

The disparity between individuals or groups regarding access to resources and opportunities that enable them to make decisions affecting their lives.

Empathy

The ability to understand and share the feelings of another, crucial for establishing meaningful connections and relationships.