The objective of quality control dictates that an audit firm should establish policies and procedures for professional development that 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 the responsibilities assigned.
C)advance within the organisation.
D)develop specialties in specific areas of assurance services.

Question

Quizplus · Accepted Answer

The objective of quality control is to ensure that the audit firm establishes policies and procedures for professional development that provide reasonable assurance that all entry-level personnel have the knowledge required to fulfil the responsibilities assigned. This includes providing appropriate training and development opportunities to ensure that personnel have the necessary skills and knowledge to perform their work effectively. Standardized working papers, advancing within the organization, and developing specialties in specific areas of assurance services are important considerations, but they are not the primary objective of quality control.

The Objective of Quality Control Dictates That an Audit Firm