What is the role of the court system for the auditing profession?
A)To act as a quality-control mechanism.
B)To provide guidance on unclear legislation.
C)To punish audit firms that issue the wrong audit report.
D)All of the above.

Question

Quizplus · Accepted Answer

The court system serves as a quality-control mechanism for the auditing profession by holding audit firms accountable for their actions and decisions related to audits. Additionally, the court system may provide guidance on unclear legislation, and can punish audit firms that issue the wrong audit report. Therefore, all of the above options are correct.

What Is the Role of the Court System for the Auditing