To ensure that a public accounting firm is providing services that conform to professional standards,the firm should follow
A) The performance principle of GAAS.
B) Its system of quality control.
C) Generally accepted accounting principles.
D) International auditing standards.

Question

Quizplus · Accepted Answer

A public accounting firm must follow a system of quality control to ensure that its services conform to professional standards. The system of quality control includes policies and procedures designed to provide reasonable assurance that the firm and its personnel comply with professional standards and applicable legal and regulatory requirements, and that reports issued by the firm are appropriate in the circumstances. The other options are not directly related to ensuring that a public accounting firm is providing services that conform to professional standards.

To Ensure That a Public Accounting Firm Is Providing Services