- 1 Marks
Question
Quality control should not be in respect of each engagement only but must be a……………………….in the entire firm.
Answer
System
Explanation:
A System of quality control ensures that quality control measures are embedded throughout the entire audit firm, not just for individual engagements. This firm-wide approach aligns with professional standards, fostering consistency, reliability, and compliance across all audit processes.
- Tags: Audit Firms, Engagements, Firm-wide Policy, Professional Standards, Quality control
- Level: Level 3
- Topic: Quality Control in Audit Firms
- Series: NOV 2013
- Uploader: Dotse