- Quality control policies and procedures should be implemented at both the level of the audit firm and on an individual audits - The policies and procedures adopted by the individual audit firms should not varu since PSA 220 prescribed quality control policies and procedures that must be adopted by all auditing firms.
- Quality control policies and procedures should be implemented at both the level of the audit firm and on an individual audits - The policies and procedures adopted by the individual audit firms should not varu since PSA 220 prescribed quality control policies and procedures that must be adopted by all auditing firms.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter6: Audit Evidence
Section: Chapter Questions
Problem 11CYBK
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Question
- Quality control policies and procedures should be implemented at both the level of the audit firm and on an individual audits
- The policies and procedures adopted by the individual audit firms should not varu since PSA 220 prescribed quality control policies and procedures that must be adopted by all auditing firms.
A. False, true
B. False, False
C. True, True
D. True, False
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