A CPA firm would be reasonably assured of meeting its overall responsibility to provide services that conform with professional standards by:
A)adhering to generally accepted accounting principles.
B)implementing an appropriate system of quality control.
C)joining professional societies that enforce ethical conduct.
D)maintaining an attitude of independence in its engagements.

Question

Quizplus · Accepted Answer

Implementing an appropriate system of quality control is an essential requirement for a CPA firm to meet its overall responsibility to provide services that conform with professional standards. Quality control ensures that the services rendered by the CPA firm comply with professional standards and are of high quality. A CPA firm must develop and implement a system of quality control that is suitable for its specific circumstances and addresses the nature and scope of its practice, the size of the firm, the qualifications of its personnel, and its clients' needs. This system should include policies and procedures for monitoring the firm's compliance with professional standards, performing quality control reviews, and addressing any deficiencies identified in the process. Adhering to generally accepted accounting principles, joining professional societies that enforce ethical conduct, and maintaining an attitude of independence in its engagements are also important responsibilities of a CPA firm, but they alone cannot assure the firm's overall responsibility to provide services that conform with professional standards.

A CPA Firm Would Be Reasonably Assured of Meeting Its