A Major Purpose of Establishing Quality Control Policies and Procedures

question 44

Multiple Choice

A major purpose of establishing quality control policies and procedures for deciding whether to accept a new client is to:

• A)enable the CPA firm to attest to the reliability of the client.
• B)satisfy the CPA firm's duty to the public concerning the acceptance of new clients.
• C)minimize the likelihood of association with clients whose management lacks integrity.
• D)anticipate before performing any fieldwork whether an unqualified opinion can be expressed.

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Definitions:

Work Revolution

A period or movement where significant changes occur in the nature of work due to technological advances, economic shifts, or cultural transformations.

Work Relations

The dynamics and interactions between employers and employees, including negotiations, conflicts, and cooperation within a workplace.

Hierarchical

Describes a system or organization in which people or groups are ranked one above the other according to status or authority.

Labor Force

The total number of people who are eligible to work and are either employed or actively seeking employment.