According to the PCAOB auditing standards (AS), the management of a company that issues securities must accept responsibility for the effectiveness of the entity’s internal control over its financial reporting. Which of the following is not a responsibility of management?
a) Must provide a written plan each year for use in updating the entity’s internal control over financial reporting.
b) Must evaluate the actual effectiveness of the entity’s internal control over financial reporting.
c) Must support the evaluation of the entity’s internal control over financial reporting with sufficient documented evidence.
d) Must prepare a written assessment of the entity’s internal control over financial reporting.