A CPA firm would be reasonably assured of meeting its responsibility to provide services that conform with professional standards by:

Question

Quizplus · Accepted Answer

Choice "B" is correct. Quality control standards relate to the conduct of a firm's audit practice. They set forth standards for the establishment of policies and procedures to provide reasonable assurance of conforming with professional standards. Choice "A" is incorrect. GAAS relate to the conduct of individual audit engagements. Choice "C" is incorrect. Joining professional societies that enforce ethical conduct (e.g., the AICPA or state CPA society) will not assure the firm of meeting its responsibility to conform with GAAS. A system of policies and procedures (i.e., a system of quality control) must be established to provide this assurance. Choice "D" is incorrect. Independence is part of the quality control element of independence, integrity, and objectivity, but maintaining independence alone will not help the firm meet its responsibility to conform with professional standards.

A CPA Firm Would Be Reasonably Assured of Meeting Its