Forensic Quiz 7

Forensic Quiz 7 - standards for public companies. Answer...

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Question 1 2 out of 2 points Which of the following organizations was/were created by the Sarbanes- Oxley Act? Answer Selected Answer: PCAOB. Correct Answer: PCAOB. Response Feedback: The PCAOB was created to oversee the auditing profession in relation to publicly-traded companies. Question 2 1 out of 1 points The International Auditing and Assurance Stand ards Board (IAASB) affects the international auditing profession by establishing standards on auditing, quality control, review, other assurance, and related services and encouraging similarity between national and international standards. Answer
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Selected Answer: Correct Answer: Question 3 0 out of 1 points The PCAOB was granted authority by the Sarbanes- Oxley Act to be the primary promulgator of financial auditing
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Unformatted text preview: standards for public companies. Answer Selected Answer: Correct Answer: • Question 4 2 out of 2 points Which of these statements is correct? Answer Selected Answer: The auditor’s objective is to determine whether the financial statements are free of material misstatement whether from error or fraud. Correct Answer: The auditor’s objective is to determine whether the financial statements are free of material misstatement whether from error or fraud. Response Feedback: The Auditor’s objective is to determine whether the financial statements are free of misstatement whether from error or fraud. incorrect. normally designed to uncover material errors and misstatements. Wednesday, February 29, 2012 9:35:27 AM EST OK...
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This note was uploaded on 02/29/2012 for the course FORENSIC 101 taught by Professor ? during the Spring '12 term at Post.

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Forensic Quiz 7 - standards for public companies. Answer...

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