Which of the Following Is Not True for Audit Firms

question 64

Multiple Choice

Which of the following is not true for audit firms who audit publically traded companies?

• A) They must undergo a PCAOB inspection on an annual basis if they audit more than 100 issuers
• B) They must have an AICPA peer review on all audit clients.
• C) They must have an AICPA peer review on all non-publically traded clients.
• D) The audit firm can choose which CPA firm they wish to conduct their AICPA peer review.

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Definitions:

Sexual Behavior

Activities or actions related to the expression of sexuality and sexual feelings towards oneself or others.

Explicit Consent

Clear, unequivocal agreement to participate in an activity or process, often communicated verbally or in writing.

Gender Identity

Someone's self-acknowledged gender identity, potentially mismatching the sex they were designated when born.

Gender-Linked Behaviors

Behaviors that society typically associates with a specific gender, based on cultural, social, or biological factors.