A1 - Professional Standards Flashcards
1
Q
What legislation provided for the creation of the Public Companies Accounting Oversight Board (PCAOB)?
A
Sarbanes-Oxley Act of 2002
2
Q
Generally accepted government auditing standards use which term to describe a professional requirement to comply with a standard or provide a special explanation for not doing so?
A
Presumptively mandatory requirement
3
Q
What are the three conditions that indicate an environment for fraud?
A
Pressure
Opportunity
Rationalization
