Which of the following actions should a CPA firm take to comply with the AICPA's quality control standards?
A)Establish procedures that comply with the standards of the Sarbanes-Oxley Act.
B)Use attributes sampling techniques in testing internal controls.
C)Consider inherent risk and control risk before determining detection risk.
D)Establish policies to ensure that the audit work meets applicable professional standards.

Question

Quizplus · Accepted Answer

The AICPA's quality control standards require CPA firms to establish policies and procedures to ensure that their audit work meets applicable professional standards, including auditing and accounting standards, as well as ethical and legal requirements. Options A, B, and C are not directly related to complying with the AICPA's quality control standards.

Which of the Following Actions Should a CPA Firm Take