What is the primary purpose of the acceptance and continuance of client relationships and specific engagements element of quality control?

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Quizplus · Accepted Answer

The primary purpose of the acceptance and continuance of client relationships and specific engagements element of quality control is to provide reasonable assurance that firms do not associate with clients whose management lacks integrity. This helps maintain the reputation and ethical standards of the accounting profession. While it may also help prevent lawsuits, that is not the primary purpose of this element of quality control.

What Is the Primary Purpose of the Acceptance and Continuance