The following questions concern quality control standards. Choosethe best response.a. The nature and extent of a CPA firm’s quality control policies and procedures dependon The CPA The Nature of the Cost-benefitFirm’s Size CPA Firm’s Practice Considerations(1) Yes Yes Yes(2) Yes Yes No(3) Yes No Yes(4) No Yes Yesb. Which of the following are elements of a CPA firm’s quality control that should beconsidered in establishing its quality control policies and procedures?Human Resources Monitoring Engagement Performance(1) Yes Yes No(2) Yes Yes Yes(3) No Yes Yes(4) Yes No Yesc . One purpose of establishing quality control policies and procedures for decidingwhether to accept a new client is to(1) enable the CPA firm to attest to the reliability of the client.(2) satisfy the CPA firm’s duty to the public concerning the acceptance of new clients.(3) provide reasonable assurance that the integrity of the client is considered.(4) anticipate before performing any field work whether an unqualified opinion canbe issued.
The following questions concern quality control standards. Choose
the best response.
a. The nature and extent of a CPA firm’s quality control policies and procedures depend
on The CPA The Nature of the Cost-benefit
Firm’s Size CPA Firm’s Practice Considerations
(1) Yes Yes Yes
(2) Yes Yes No
(3) Yes No Yes
(4) No Yes Yes
b. Which of the following are elements of a CPA firm’s quality control that should be
considered in establishing its quality control policies and procedures?
Human Resources Monitoring Engagement Performance
(1) Yes Yes No
(2) Yes Yes Yes
(3) No Yes Yes
(4) Yes No Yes
c . One purpose of establishing quality control policies and procedures for deciding
whether to accept a new client is to
(1) enable the CPA firm to attest to the reliability of the client.
(2) satisfy the CPA firm’s duty to the public concerning the acceptance of new clients.
(3) provide reasonable assurance that the integrity of the client is considered.
(4) anticipate before performing any field work whether an unqualified opinion can
be issued.
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