External Audit Firm Services and PCAOB Guidance Quiz
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Questions and Answers

What type of services can an external audit firm provide?

  • Maintenance of IT systems
  • Independent audit of financial statements (correct)
  • Consulting on marketing strategies
  • Human resource management

    • What is the focus of external IT auditors?

  • Understanding IT systems supporting financial transactions (correct)
  • Developing advertising campaigns
  • Handling customer complaints
  • Managing employee schedules

    • Why does an external IT auditor need to consider general IT controls and application controls?

  • To respond adequately to risks from IT systems (correct)
  • To design new products for the company
  • To ensure compliance with environmental regulations
  • To plan corporate events

    • What is the focus of Figure 1.4 in the text?

    <p>Comparing internal and external audit reviews</p> Signup and view all the answers

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