PCAOB Auditing Standard No

question 41

Multiple Choice

PCAOB Auditing Standard No.4 requires that the external auditors should take each of the following steps when reporting on whether a material weakness still exists in the internal controls except for:

• A) Evaluate whether management has accepted responsibility for the effectiveness of internal control
• B) Evaluate whether management asserts whether the controls are effective in correcting the material weakness
• C) Evaluate whether management has obtained sufficient evidence to support its assessment
• D) Evaluate whether management has conducted an audit of internal controls

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Definitions:

Superior Function

In Jungian psychology, it refers to the most dominant and preferred way of thinking or feeling, characterizing an individual's personality.

Jungian Theory

A psychological concept developed by Carl Jung, emphasizing the importance of the individual psyche and the personal quest for wholeness.

Evidence

Information or facts that are used to support a conclusion, theory, or claim, typically gathered through observation, research, or analysis.

Superior Function

In psychology, particularly Jungian theory, the dominant aspect of an individual's personality or behavior, considered to be the most developed or exercised function.