Which of the following does not describe the nature and extent of a CPA firm\'s

Question

Which of the following does not describe the nature and extent of a CPA firm's quality control policies and procedures? a. Policies and procedures should minimize the risk of associating with a client whose management b. Policies and procedures should provide an absolute assurance that work is assigned to personnel who c. All personnel on engagement should maintain independence, integrity, and objectivity in performing d. Policies and procedures should ensure that the work performed by engagement personnel meets lacks integrity have adequate technical training and proficiency their professional responsibilities applicable professional standards, regulatory requirements, and the CPA firm's standards of quality.

Explanation / Answer

Option B.

Policies and procedures should not provide an absolute assurance due to inherent risk and therefore provide reasonable assurance about the work/activity performed by the individual and even work is assigned to personnel who have adequate technical training and proficiency also provide the reasonable assurance not absolute.

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