Question 1
Which of the following is
not a purpose of the Center for Audit Quality which is affiliated with the AICPA?
◦ to serve the capital markets
◦ to serve public company auditors
◦ to serve investors
◦ to serve the International Accounting Standards Board (IASB)
Question 2
Which of the following is
not an essential component of quality control?
◦ policies and procedures to ensure that firm personnel are actively engaged in marketing strategies
◦ policies and procedures to ensure that the work performed by firm personnel meet applicable professional standards
◦ policies to ensure that personnel maintain their independence in fact and in appearance
◦ policies that ensure that monitoring activities are effectively applied