Multiple Choice
Which of the following is not true for audit firms who audit publicly traded companies?
A) They must undergo a PCAOB inspection on an annual basis if they audit more than 100 issuers.
B) They must have an AICPA peer review on all audit clients.
C) They must have an AICPA peer review on all non-publicly traded clients.
D) The audit firm can choose which CPA firm they wish to conduct their AICPA peer review.
Correct Answer:
Verified
Correct Answer:
Verified
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