Financial statement users cannot be expected to evaluate audit performance because they will not have the time or the competence to do so.In such a situation,public confidence in the quality of professional services is enhanced when there are
A)only business majors hired to work as auditing students with public accounting firms.
B)adequate controls at the public accounting firm to limit the amount of overtime worked.
C)high standards of performance and conduct on the part of all practitioners.
D)strict rules about the type of work that employees should complete on a daily basis.

Question

Quizplus · Accepted Answer

High standards of performance and conduct on the part of all practitioners will ensure that financial statement users have confidence in the quality of professional services provided by the auditing firm. This is because it reflects a commitment to professionalism, integrity, and ethical behavior, which are essential for ensuring that auditors uphold their responsibilities to the public interest. None of the other options - hiring only business majors, limiting overtime, or strict rules about daily work - directly address the issue of maintaining high standards of audit performance and conduct.

Financial Statement Users Cannot Be Expected to Evaluate Audit Performance