The Primary Purpose of Establishing Quality Control Policies and Procedures

question 91

Multiple Choice

The primary purpose of establishing quality control policies and procedures for deciding whether to accept new clients is to:

• A) Minimize the likelihood of association with clients whose management lacks integrity.
• B) Monitor significant deficiencies in the design and operation of the client's internal control.
• C) Identify noncompliance with aspects of contractual agreements that affect the financial statements.
• D) Provide reasonable assurance that personnel will be adequately trained to fulfill their assigned responsibilities.

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Definitions:

Mode

The most frequent score in a set of scores.

Measures of Dispersion

Measures of dispersion quantify the spread or variability within a set of data points, common examples include range, variance, and standard deviation.

Measures of Dispersion

Statistical tools that describe the spread or variability of a dataset, including the range, variance, and standard deviation.

Mean

The average for a set of scores.