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A CPA Firm Establishes Quality Control Policies and Procedures for Deciding

Question 22

Multiple Choice

A CPA firm establishes quality control policies and procedures for deciding whether to accept a new client or continue to perform services for a current client.The primary purpose for establishing such policies and procedures is:


A) To enable the auditor to attest to the integrity or reliability of a client.
B) To comply with the quality control standards established by regulatory bodies.
C) To minimize the likelihood of association with clients whose managements lack integrity.
D) To lessen the exposure to litigation resulting from failure to detect fraud in client financial statements.

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