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1.) A CPA firm assigns management responsibilities in such a manner that commercial considerations do not override the quality of work performed. Which of the

1.) A CPA firm assigns management responsibilities in such a manner that commercial considerations do not override the quality of work performed. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

2.) A CPA firm establishes policies and procedures for resolving differences of opinion among firm personnel that arise during professional engagements. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

3.) A CPA firm develops policies and procedures to ensure that professionals are provided appropriate professional development opportunities. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

4.) A partner in a CPA firm reviews engagement documentation, reports, and the clients financial statements. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

5.) The CPA firm develops effective performance evaluation, compensation, and advancement procedures. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

6.) A CPA firm identifies circumstances and relationship that create threats to independence and takes appropriate action to eliminate those threats or reduce them to an acceptable level. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

7.) A partner in a CPA firm identifies whether the firm possesses the competency, capability, and resources to appropriately serve a specific client. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

8.) A CPA firm devotes sufficient resources to develop, communicate, and support the firms quality control procedures. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

9.) A CPA firm retains engagement documentation (working papers) for a sufficient period of time to satisfy the needs of the firm, professional standards, laws, and regulations. Which of the six elements of Quality Control are most applicable?

A. Leadership Responsibilities

B. Relevant Ethical Requirements

C. Acceptance and Continuance of Clients

D. Human Resources

E. Engagement Performance

F. Monitoring

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