Multiple Choice Questions
The following questions concern quality control standards. Choose the best response.
a. A CPA firm is reasonably assured of meeting its responsibility to provide services that conform with professional standards by
(1) Adhering to generally accepted auditing standards.
(2) Having an appropriate system of quality control.
(3) Joining professional societies that enforce ethical conduct.
(4) Maintaining an attitude of independence in its engagements.
b. The nature and extent of a CPA firm's quality control policies and procedures depend on

c. 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?

d. 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 beissued.

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The CPA Firm's Size Yes Yes Yes No The Nature of the CPA Firm's Practice Cost-benefit Considerations Yes Yes No Yes Yes No Yes Yes 0 Human Resources Monitoring Engagement Performance Yes Yes No Yes Yes Yes Yes No No 0 Yes Yes Yes