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1. Quality control procedures exist to provide reasonable assurance that the firm follows professional standards on engagement(s). 2. Statement of Quality Standards identify elements of
1. Quality control procedures exist to provide reasonable assurance that the firm follows professional standards on engagement(s). 2. Statement of Quality Standards identify elements of quality control. 3. The PCAOB has adopted the AICPA standards as its quality control standards. 4. QC standards help to ensure that CPA firms meet their responsibilities to their clients and the 5. The AICPA require(s) specific quality control procedures
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