The Financial Reporting Council's Audit Quality Framework is the only framework for audit quality recognized by audit professionals worldwide.

Question

Quizplus · Accepted Answer

While the Financial Reporting Council's Audit Quality Framework is a recognized framework for audit quality, it is not the only one recognized by audit professionals worldwide. Other recognized frameworks include the International Auditing and Assurance Standards Board's International Standards on Auditing and the American Institute of Certified Public Accountants' Generally Accepted Auditing Standards.

The Financial Reporting Council's Audit Quality Framework Is the Only