Auditing & Assurance Services 6th Edition by Timothy Louwers

تمرين 64

Which of the following is true with respect to PCAOB inspections of accounting firms?
A) All firms performing audits of public companies are required to have annual inspections conducted by the PCAOB.
B) PCAOB inspections review a sample of audits conducted by firms as well as the firm's systems of quality control.
C) All results of PCAOB inspections are made available to the public following the inspection.
D) Firms performing audits of 100 or fewer public entities may elect to have a peer review conducted through the AICPA in lieu of a PCAOB inspection.