Solved

Place the Capital Letter of the Source That Best Matches

Question 160

Matching

place the capital letter of the source that best matches that description. HINT: Some letters may be used more than once. Conversely, some letters may not apply at all.

Premises:
This requires each annual report filed with the SEC to include an internal control report...
States that COSO is a suitable framework for an assessment of internal control...
This was developed to help management identify, assess and manage risk.
This prohibits a CPA firm that audits a public company to engage in certain nonaudit services with the same client...
Provides guidance for conducting an integrated audit of financial statements under Sarbanes-Oxley Act Section 404...
The definition of internal control in this document has been adopted throughout the world.
This addressed four categories of management objectives: strategic, operations, reporting and compliance...
A fundamental aspect of management's stewardship responsibility is to provide shareholders with reasonable assurance that the business is adequately controlled...
Reduces the number of internal controls that need to be documented, evaluated and tested...
This addresses the effect of IT on audits...
Responses:
Statement on Auditing Standards No. 94
PCAOB Auditing Standard No. 5
Internal Controluf0beIntegrated Framework (COSO)
Enterprise Risk Management (ERM) Framework
Foreign Corrupt Practices Act
Sarbanes-Oxley Act Section 201
Sarbanes-Oxley Act Section 404

Correct Answer:

This requires each annual report filed with the SEC to include an internal control report...
States that COSO is a suitable framework for an assessment of internal control...
This was developed to help management identify, assess and manage risk.
This prohibits a CPA firm that audits a public company to engage in certain nonaudit services with the same client...
Provides guidance for conducting an integrated audit of financial statements under Sarbanes-Oxley Act Section 404...
The definition of internal control in this document has been adopted throughout the world.
This addressed four categories of management objectives: strategic, operations, reporting and compliance...
A fundamental aspect of management's stewardship responsibility is to provide shareholders with reasonable assurance that the business is adequately controlled...
Reduces the number of internal controls that need to be documented, evaluated and tested...
This addresses the effect of IT on audits...
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