All of the following are examples of procedures a firm can use to monitor its system of quality control except:
A)discussions with firm personnel.
B)conducting reviews of engagement documentation.
C)devoting sufficient resources to developing a system of quality control.
D)assessing compliance with independence policies and procedures.

Question

Quizplus · Accepted Answer

Choice A, B, and D all describe procedures that can be used to monitor a firm's system of quality control. However, choice C is not a procedure for monitoring quality control; rather, it is a necessary step in establishing a system of quality control in the first place. Devoting sufficient resources to developing a system of quality control is a proactive step a firm takes to ensure that its quality control system is effective in the first place. Once established, other procedures, such as those listed in choices A, B, and D, can be used to monitor the system's ongoing effectiveness.

All of the Following Are Examples of Procedures a Firm