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Author Question: The purpose of establishing quality control policies and procedures to accept or continue a client ... (Read 49 times)

connormoss

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Question 1

The method used by a CPA firm to ensure that the firm meets its professional responsibilities to clients and others is
◦ continuing professional education.
◦ compliance with generally accepted reporting standards.
◦ quality control.
◦ peer review.

Question 2

The purpose of establishing quality control policies and procedures to accept or continue a client relationship is to
◦ provide reasonable assurance that personnel are adequately trained to fulfill their responsibilities.
◦ monitor the risk factors concerning misstatements that arise from the misappropriation of assets.
◦ document objective criteria for the CPA firm's peer review.
◦ minimize the likelihood of associating with a client whose management may lack integrity.


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Marked as best answer by connormoss on Aug 21, 2022

Harsh06

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connormoss

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Reply 2 on: Aug 21, 2022
Wow, this really help


ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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