Which of the following is not a control that the PCAOB has identified that auditors should consider in evaluating whether or not an organization has sufficiently addressed fraud risk?
A)Controls over significant,unusual transaction.
B)Controls over related-party transactions.
C)Controls related to marketable securities.
D)Controls related to significant management estimates.

Question

Quizplus · Accepted Answer

The PCAOB has identified controls over significant, unusual transactions; controls over related-party transactions; and controls related to significant management estimates as important controls for auditors to consider in evaluating an organization's response to fraud risk. However, controls related to marketable securities are not specifically mentioned by the PCAOB as a control to consider.

Which of the Following Is Not a Control That the PCAOB