There Are Various Professional Requirements for CPA Firms to Help

question 11

Multiple Choice

There are various professional requirements for CPA firms to help assure audit quality.These requirements potentially minimize the exposure of public accounting firms and partners to lawsuits.These requirements include

• A)auditor independence requirements.
• B)quality-control programs.
• C)review programs.
• D)all of the above.

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Definitions:

Moral Performance

How an individual actually behaves when faced with moral dilemmas, as opposed to their knowledge of moral principles.

Distinction

A difference or contrast between similar things or people, often highlighting a unique feature or quality.

Social-cognitive Theorist

A scholar who focuses on how people learn by observing others, and how they control their behavior through cognitive processes.

Moral Behavior

Actions that are in accordance with societal norms and values regarding right and wrong.