Public companies ________.
A) must issue an internal control report which states that the outside auditor is responsible for the adequacy of internal controls
B) are audited by accounting firms that do not also provide certain consulting services to the public company
C) are required by the Financial Accounting Standards Board to maintain a system of internal controls
D) are overseen by the Public Company Accounting Oversight Board

Question

Quizplus · Accepted Answer

The Answer of Public companies ________.
A) must issue an internal control report which states that the outside auditor is responsible for the adequacy of internal controls
B) are audited by accounting firms that do not also provide certain consulting services to the public company
C) are required by the Financial Accounting Standards Board to maintain a system of internal controls
D) are overseen by the Public Company Accounting Oversight Board

Public Companies ________