Having Policies and Procedures to Ensure the Quality of an Accounting

question 17

Multiple Choice

Having policies and procedures to ensure the quality of an accounting firm's service is an example of a safeguard to independence created by:

• A) the client's audit committee
• B) the Corporations Act
• C) the client's board of directors
• D) None of the above

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Definitions:

Dominance

The state or condition of being in control or having superior strength, authority, or influence over others.

Prestige

Rising to the top based on ability, talent, or moral force.

High Conscientiousness

Describes individuals who exhibit a tendency towards self-discipline, carefulness, and diligence in their responsibilities and tasks.

Low Neuroticism

Describes an individual's tendency to experience less emotional instability and negative emotions, often associated with calmness and emotional resilience.