Which of the Following Is NOT a Key Driver of Audit

question 52

Multiple Choice

Which of the following is NOT a key driver of audit quality based on the 2008 U.K. FRC publication "The Audit Quality Framework"?

• A) The composition of a company's audit committee
• B) The culture within an audit firm
• C) The effectiveness of the audit process
• D) The skills and personal qualities of audit partners and staff

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Definitions:

Trade Deficit

A situation that occurs when a country imports more goods and services than it exports.

Import

Goods or services brought into one country from another for the purpose of sale.

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade, and often used to protect domestic industries.

Trade Quotas

Restrictions set by a country on the quantity of goods that can be imported or exported over a specified time period.