Which of the following is NOT a common audit deficiency in PCAOB inspections?
A) Inadequate internal controls over financial reporting
B) Maintaining an independent audits
C) Lack of due care
D) Inability to exercise the appropriate level of professional skepticism

Question

Quizplus · Accepted Answer

Maintaining an independent audit is not a common audit deficiency as auditors are required to maintain independence and objectivity throughout the audit process. The other options (A, C, and D) are common deficiencies found in PCAOB inspections.

Which of the Following Is NOT a Common Audit Deficiency