A CPA firm evaluates its personnel advancement experience to ascertain whether individuals assigned to increased degrees of responsibility meet predetermined criteria. This policy is evidence of the firm's adherence to which of the following prescribed standards?
A)Professional ethics.
B)Supervision and review.
C)Accounting and review services.
D)Quality control.

Question

Quizplus · Accepted Answer

This policy is evidence of the firm's commitment to quality control, which is a prescribed standard in the CPA profession. Quality control refers to a firm's policies and procedures for ensuring that its services are performed with appropriate levels of professional competence and integrity, and this can involve evaluation of personnel performance and advancement. The other options listed are also important standards in the profession, but they do not specifically relate to the firm's personnel evaluation policy.

A CPA Firm Evaluates Its Personnel Advancement Experience to Ascertain