True or False PCAOB on Reporting Whether Previously Reported Material Weakness Continues to Exist - PCAOB standards require a public company to report whether a previously reported material weakness continues to exist.

False, this reporting is Voluntary **When engaged to report on whether a previously reported material weakness in internal control over financial reporting continues to exist as of a date specified by management. (The date specified by management must be a date after that of management's most recent annual assessment.) PCAOB standards do not require reporting on whether a previously reported material weakness continues to exist, so such an engagement is voluntary.**