Which of the following statements is true? a. Both the SEC and the PCAOB require the use of the COSO framework. b. Both the SEC and the PCAOB require the COBIT framework. c. The SEC recommends COBIT, and the PCAOB recommends COSO.d. Any framework can be used that encompass all of COSO’s general themes. e. Both c and d are true.
Which of the following statements is true? a. Both the SEC and the PCAOB require the use of the COSO framework. b. Both the SEC and the PCAOB require the COBIT framework. c. The SEC recommends COBIT, and the PCAOB recommends COSO.d. Any framework can be used that encompass all of COSO’s general themes. e. Both c and d are true.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 1TFQ
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Which of the following statements is true?
a. Both the SEC and the PCAOB require the use of the COSO framework.
b. Both the SEC and the PCAOB require the COBIT framework.
c. The SEC recommends COBIT, and the PCAOB recommends COSO.
d. Any framework can be used that encompass all of COSO’s general themes.
e. Both c and d are true.
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