Which of the following is NOT one of the most common audit deficiencies identified in PCAOB inspections?
A)Inadequate internal controls over financial reporting
B)Lack of independent audits
C)Lack of due care
D)Inability to exercise the appropriate level of professional skepticism

Question

Quizplus · Accepted Answer

Lack of independent audits is not one of the most common audit deficiencies identified in PCAOB inspections. The other options listed, inadequate internal controls over financial reporting, lack of due care, and inability to exercise appropriate level of professional skepticism, are all common deficiencies identified during PCAOB inspections.

Which of the Following Is NOT One of the Most