A basic objective of a CPA firm is to provide professional services to conform to professional standards. Reasonable assurance of achieving this basic objective is provided through:

Question

Quizplus · Accepted Answer

The best choice is a system of quality control, as it ensures that the firm's policies and procedures are in place and adhered to in order to provide professional services that conform to professional standards. Continuing professional education (A) is important but does not provide reasonable assurance on its own. Compliance with reporting standards (B) is also important, but it is only one aspect of the firm's overall quality control system. Peer review (D) is a tool used to assess a firm's quality control system, but it is not a method of providing reasonable assurance on its own.

A Basic Objective of a CPA Firm Is to Provide