Which of the following is not an implication of PCAOB Auditing Standard No, 5 and Section 404 of the Sarbanes-Oxley Act? a. Auditors must report on the effectiveness of the internal control systems of an organization. b. None of the above are implications of Section 404 . c. Management must identify, document, and evaluate significant internal controls. d. Disclosure of material changes in an organization's financial condition is required on a "rapid and current basis". Wisconsin Dells, Wisconsin, is a popular tourist destination. During the winter months, the population dwindles to a meager few, but when summer comes, the size of the town surges. Hunter Jackson is the town sanitation engineer. When the size of the town surges, so do his responsibilities. Among them is management of the sewage processing volume. In an interview with the local paper, Hunter complained that a report on tourist population that he uses to adjust processing volume refers to data that was not always accurate and it is really giving him a hard time to make adjustments. Which of the following characteristics of useful information is absent in the situation described above? Choose the most suitable answer. a. verifiable b. understandable c. timely d. complete e. relevant f. reliable