Reports on an entity's internal control over financial reporting
A) is required for all companies whether they report to the SEC or not.
B) is optional for all companies whether they report to the SEC or not.
C) is required by the PCAOB for large public companies and may be performed by a CPA for nonpublic companies.
D) is limited to inquiry and analytical procedures for reports for non-SEC companies.

Question

Quizplus · Accepted Answer

Reports on an entity's internal control over financial reporting are required by the PCAOB for large public companies and may be performed by a CPA for nonpublic companies. They are not required for all companies and are not limited to inquiry and analytical procedures for reports for non-SEC companies.

Reports on an Entity's Internal Control Over Financial Reporting