QUESTION 1 Certain audit partners may be rotated off an audit engagement after seven years. True False 2 points QUESTION 2 Most public accounting firms with at least one publicly held client will be inspected by the PCAOB at least once every three years. True False 2 points QUESTION 3 To sue an accountant under Section 10 and Rule 10b-5 of the 1934 Act, the plaintiff must prove that the accountant willfully and intentionally made false statements in a filing. True False 2 points QUESTION 4 If a Form 8-K is required to be filed, it must be filed with the SEC within four (4) business days, in most cases. True False 2 points QUESTION 5 The company's independent auditors must state whether or not management's report on internal control is correct, without conducting its own audit. True False