If an Auditor of a Public Company Cannot Find Guidance

question 63

Multiple Choice

If an auditor of a public company cannot find guidance issued by the PCAOB on a particular audit matter, the auditor should generally seek guidance from which of the following sources?

• A)Statements on Auditing Standards
• B)Statements on Standards for Accounting and Review Services
• C)Regulations issued by the Securities and Exchange Commission
• D)The AICPA Code of Professional Conduct

---

Definitions:

Sleep Deprivation

A condition resulting from inadequate quantity or quality of sleep, leading to cognitive impairment, mood swings, and health issues.

Video-Game Skills

Abilities and competencies related to playing video games, including hand-eye coordination, strategic thinking, and problem-solving.

Understanding and Prediction

The cognitive processes of comprehending information or situations and anticipating future events or outcomes.

Science Goal

An objective or aim related to gaining knowledge, understanding phenomena, or solving problems using systematic and empirical methods characteristic of the sciences.