The PCAOB makes it clear that the CEO and CFO are responsible for the internal control over financial reporting and the preparation of the statements.

Question

Quizplus · Accepted Answer

According to the PCAOB, the CEO and CFO are responsible for the internal control over financial reporting and the preparation of the statements. This is stated in Auditing Standard No. 5: An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements.

The PCAOB Makes It Clear That the CEO and CFO