Which of the Following Is an Element of a CPA

question 55

Multiple Choice

Which of the following is an element of a CPA firm's quality control system that should be considered in establishing its quality control policies and procedures?

• A)Using the audit risk model.
• B)Using statistical sampling techniques.
• C)Assigning personnel to engagements.
• D)Considering audit risk and materiality.

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Definitions:

Webinars

Online seminars that allow for interactive participation and are designed to educate or inform a remote audience.

Telepresence

Technology that allows a person to feel as if they are present, to give the appearance of being present, or to have an effect, at a location other than their own.

Team Meeting

A gathering of team members to coordinate actions, share updates, and strategize on projects, essentially a synonym for Group Meetings.

Setting Up

The process of establishing or arranging something to be ready for use.