The primary purpose of éstablisHing qUi to accepting a new client is to: 1. Enable the CPA firm to attest to the reliability of the client. 2. Satisfy the CPA fırm's duty to the public concerning the acceptance of new clients. 3. Minimize the likelihood of association with clients whose management lacks integrity. 4. Anticipate before performing any fieldwork whether an unmodified opinion can be expressed. O 2 O 1 O 3

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
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 31CYBK
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Question 5
The primary purpose of establishing quality control policies and procedures for deciding whether
to accepting a new client is to:
1. Enable the CPA fırm to attest to the reliability of the client.
2. Satisfy the CPA fırm's duty to the public concerning the acceptance of new clients.
3. Minimize the likelihood of association with clients whose management lacks integrity.
4. Anticipate before performing any fieldwork whether an unmodified opinion can be
expressed.
O 2
O 1
3
O4
Transcribed Image Text:Question 5 The primary purpose of establishing quality control policies and procedures for deciding whether to accepting a new client is to: 1. Enable the CPA fırm to attest to the reliability of the client. 2. Satisfy the CPA fırm's duty to the public concerning the acceptance of new clients. 3. Minimize the likelihood of association with clients whose management lacks integrity. 4. Anticipate before performing any fieldwork whether an unmodified opinion can be expressed. O 2 O 1 3 O4
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