The system of quality control established by an accounting firm should address which of the following?
A)audits are performed in the same manner for all clients
B)business administrative requirements
C)acceptance and continuance of client relationships and specific engagements
D)human resources payroll processing

Question

Quizplus · Accepted Answer

The system of quality control should address acceptance and continuance of client relationships and specific engagements to ensure that the accounting firm only accepts clients and engagements that they are qualified to perform and that they have the necessary resources to complete the engagement successfully. While the other options may be part of the accounting firm's operations, they are not directly related to the system of quality control.

The System of Quality Control Established by an Accounting Firm