According to the Financial Reporting Council (FRC) ,when is the culture of an audit firm likely to provide a positive contribution to audit quality?
A) When the leadership of the audit firm ensures partners and other staff have sufficient time and resources to deal with difficult issues as they arise.
B) When the leadership of the audit firm ensures robust systems for client acceptance and continuation based on the likelihood of increased audit fees.
C) When the leadership of the audit firm creates an environment where achieving efficiency is valued,invested in and rewarded.
D) When the leadership of the audit firm ensures financial considerations drive actions.
Correct Answer:
Verified
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