A periodic review of an audit firm's system of quality control by the PCAOB is referred to as a(n):
A)Inspection.
B)Peer review.
C)Principles review.
D)Quality review.

Question

Quizplus · Accepted Answer

A periodic review of an audit firm's system of quality control by the PCAOB is referred to as an inspection. Peer review is a review performed by other audit firms, principles review is not a recognized term in auditing, and quality review is a general term that can refer to any review of the quality of an audit or audit firm.

A Periodic Review of an Audit Firm's System of Quality