The objective of quality control dictates that a public accounting firm should establish policies and procedures for professional development which provide reasonable assurance that all entry-level personnel:
A) prepare working papers that are standardised in form and content.
B) have the knowledge required to enable them to fulfil responsibilities assigned.
C) advance within the organisation.
D) develop specialties in specific areas of public accounting.

Question

Quizplus · Accepted Answer

The objective of professional development policies and procedures is to ensure that entry-level personnel have the necessary knowledge to discharge their responsibilities. Therefore, option B is the correct one. Options A, C, and D do not address the objective of professional development policies and procedures.

The Objective of Quality Control Dictates That a Public Accounting