Which One of the Following Was NOT an Objective of the Institute's

question 30

Multiple Choice

Which one of the following was NOT an objective of the Institute's Quality Review Program?

• A) reduced need for costly peer reviews
• B) increased returns to accounting firms
• C) enhanced client service
• D) risk reduction

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Definitions:

Polygraph Test

A lie detector test that measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the subject answers a series of questions.

Without Recourse

A clause indicating that the holder of a negotiable instrument cannot seek payment from the sender in the event of non-payment by the intended party.

Contractual Liability

Legal obligations arising from contracts entered into by an entity or individual.

Warranty Liability

The legal obligation of a seller to ensure the goods or services sold meet certain quality and performance standards.