Act105 week 7.2 Questions with 100% Correct Answers | Verified | Latest Update 2024

uestion 1 of 10 10.0/ 10.0 Points Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of public reporting companies. A. True B. False Answer Key: True Question 2 of 10 10.0/ 10.0 Points Which of the following is not one of the four specific responsibilities that PCAOB Auditing Standard No. 2 levies on company management? A.Accept responsibility for the effectiveness of the company’s internal control over financial reporting. B.Evaluate the effectiveness of the company’s internal control over financial reporting using suitable control criteria. C.Support its evaluation with sufficient evidence, including documentation. D.Present a written assessment of the effectiveness of the company’s internal control over financial reporting as of the end of the company’s five most recent fiscal years. Answer Key: D Question 3 of 10 0.0/ 10.0 Points All accounting firms must register with the PCAOB. A. Tr