Multiple Choice
Which of the following statements regarding the reporting of critical audit matters (CAMs) under PCAOB guidance is incorrect?
A) Matters that are material to the financial statements but do not relate to accounts or disclosures are not CAMs.
B) If no CAMs arose during the audit,the audit report should not contain any reference to CAMs.
C) The disclosure of CAMs under PCAOB guidance is similar to disclosure of KAMs under IAASB guidance.
D) All of the above are incorrect.
Correct Answer:
Verified
Correct Answer:
Verified
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