What is the primary 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) To express opinions on the fairness of accounting principles.

Question

Quizplus · Accepted Answer

The primary role of the court system for the auditing profession is to act as a quality-control mechanism. It holds audit firms accountable for their actions and decisions in carrying out audits, and can impose sanctions if necessary to maintain the integrity of the auditing profession. The court system also provides a mechanism for resolving disputes between auditors and other parties, such as clients, investors, or regulators.

What Is the Primary Role of the Court System for the Auditing