Which of the following is least likely to be directly examined in an inspection performed by the PCAOB?
A)Audit engagements.
B)Review engagements.
C)Compilation engagements.
D)CPA firm quality control system.

Question

Quizplus · Accepted Answer

The least likely to be directly examined in an inspection performed by the PCAOB are compilation engagements. This is because PCAOB inspections primarily focus on public accounting firms and their work with audits of public companies. While compilation engagements can be performed by public accounting firms, they are not typically subject to the same level of scrutiny as audit engagements. The PCAOB is more likely to focus on audit engagements and the CPA firm's quality control system, as these are areas where there is a higher risk of material misstatements or audit failures.

Which of the Following Is Least Likely to Be Directly