- 1 Marks
AAA – L3 – SA – Q3.4 – Quality Management System
Question
Which of the following would not be part of a system of quality management at an audit firm?
A Use of technical manuals
B Standardized audit documentation
C Continuing professional development of audit staff
D Audit committee
Answer
D
Explanation:
An audit committee is a committee of non-executive directors of a client company. This has nothing to do with quality management within the audit firm. Technical manuals (A), standardized audit documentation (B), and continuing professional development (C) are all components of an audit firm’s quality management system. Thus, D is the correct answer.
- Tags: Audit committee, Audit Firm, ICAG, Quality management
- Level: Level 3
- Topic: Practice management
- Uploader: Salamat Hamid