Why was the PCAOB created?

	a.	to ensure that registered accountants conduct private company audits
	b.	to hold executives responsible for fraudulent financial accounting
	c.	to ensure that only Certified Public Accountants conduct external audits
	d.	to create stricter auditing standards and inspect audits

To whom do internal auditors report?

	a.	top management and the audit committee of the board of directors
	b.	shareholders
	c.	the SEC
	d.	accounting managers

multiple answer question

Select the incorrect statements about PCAOB.

	a.	It is a private, nongovernmental group with no government agency oversight.
	b.	The PCAOB sets standards for audits and auditors.
	c.	It was created by the Securities Exchange Act of 1934.
	d.	Registers all public accounting firms that provide audits for public companies

What is incorrect about internal auditors?

	a.	They are employees of the CPA firm hired by the organization.
	b.	A strong team of internal auditors improves adherence to established internal control practices.
	c.	They report their findings to top management and the audit committee of the board of directors.
	d.	They are not the company accountants who are doing the day-to-day accounting.