In Pursuing Its Quality Control Objectives with Respect to Acceptance

question 1

Multiple Choice

In pursuing its quality control objectives with respect to acceptance of a client, an audit firm is not likely to:

• A) make inquiries of the proposed client's legal adviser.
• B) review financial reports of the proposed client.
• C) make inquiries of previous auditors.
• D) review the personnel practices of the proposed client.

---

Definitions:

Legal Regulation

The implementation and enforcement of laws by a governing body to control or direct the activities conducted by individuals, organizations, or systems.

Public Interest

The welfare or well-being of the general public, often considered a guideline in determining policy and laws.

Railway Labor Act

A United States federal law that governs labor relations in the railroad and airline industries, facilitating dispute resolution and collective bargaining.

National Legislation

Laws and regulations enacted by a country’s legislative body that govern the actions and policies within that country.