The firm shall establish and maintain a system of quality control that includes policies and procedures that address each of the following elements, except:Select one:a.Acceptance and Continuance of Client Relationships and Audit Engagementsb.Management's Participationc.Leadership Responsibilities for Quality on Auditsd.Relevant Ethical RequirementsClear my choice
Question
The firm shall establish and maintain a system of quality control that includes policies and procedures that address each of the following elements, except:Select one:a.Acceptance and Continuance of Client Relationships and Audit Engagementsb.Management's Participationc.Leadership Responsibilities for Quality on Auditsd.Relevant Ethical RequirementsClear my choice
Solution
The correct answer is b. Management's Participation. This is not typically included in a firm's system of quality control. The other options - Acceptance and
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