Which of the following is an element of a system of quality control that should be considered by a public accounting firm in establishing its quality control policies and procedures?
A) Lending credibility to a client's financial statements.
B) Using statistical sampling techniques.
C) Accepting and continuing client relationships and specific engagements.
D) Obtaining membership in the Center for Public Company Audit Firms.

Question

Quizplus · Accepted Answer

Accepting and continuing client relationships and specific engagements is a key element of a system of quality control for public accounting firms, ensuring that the firm only engages with clients and projects that meet its standards for quality and ethics.

Which of the Following Is an Element of a System