11. The General standards stress the importance of communicating the auditors finding to the reader. (1 Point) True False 12. A procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element? (1 Point) Engagement performance. Human resources, Leadership responsibilities for quality with the firm. Monitoring 13. Standards issued by the PCAOB must be followed by CPAs who audit: * (1 Point) Both private and public companies. Public companies only. Private companies, public companies, and nonprofit entities. Private companies only. 14. The overall purpose of the Securities and Exchange Commission is to assist in providing investors with reliable information upon which to make investment decisions. * (1 Point) True O False 4. Requirements for training, independence and due professional care are included in which group of the generally accepted auditing standards of the PCAOB? (1 Point) Fieldwork General Reporting. Quality control. 5. The body that issues international pronouncements providing auditing procedural and reporting guidance is the (1 Point) International Federation of Auditors. Multinational Reporting Commission. International Auditing and Assurance Standards Board. AICPA Auditing Standards Board. 7. Which of the following statements best describes the primary purpose of Statements on Auditi Standards? (1 Point) They are guides intended to set forth auditing procedures that are applicable to a variety of situations. They are procedural outlines that are intended to narrow the areas of inconsistency and divergence of auditor opinion. They are authoritative statements, enforced through the Code of Professional Conduct, and are intended to limit the degree of auditor judgment. They are interpretations that are intended to clarify the meaning of "generally accepted auditing standards." 8. The work of an accountant starts when the work of an auditor ends.* (1 Point) True False 9. The U.S. Congress has oversight responsibility for the PCAOB. * (1 Point) True False 10. Statements on Auditing Standards (SASS) are considered to be interpretations of the ten generally accepted auditing standards. * (1 Point) True False