A periodic review of an audit firm's system of quality control by the PCAOB is referred to as a(n):
A)inspection.
B)peer review.
C)principles review.
D)quality review.

Question

Quizplus · Accepted Answer

A periodic review of an audit firm's system of quality control by the PCAOB is referred to as an inspection. A peer review is a review of a CPA firm's accounting and auditing practice by other CPA firms. A principles review and a quality review are not terms commonly used in reference to PCAOB reviews.

A Periodic Review of an Audit Firm's System of Quality