Which of the following is an element of a CPA firm’s quality control system that should be considered in establishing its quality control policies and procedures?

The following questions concern quality control standards. Choose the best response.
a. The nature and extent of a CPA firm’s quality control policies and procedures
depend on
The CPA
Firm’s Size
The Nature of the
CPA Firm’s Practice
Cost–Benefit
Considerations
(1) Yes Yes Yes
(2) Yes Yes No
(3) Yes No Yes
(4) No Yes Yes
b. Which of the following is an element of a CPA firm’s quality control system that
should be considered in establishing its quality control policies and procedures?
(1) Complying with laws and regulations
(2) Using statistical sampling techniques
(3) Managing human resources
(4) Considering audit risk and materiality
c. One of a CPA firm’s basic objectives is to provide professional services that conform
with professional standards. Reasonable assurance of achieving this objective is pro-
vided through
(1) continuing professional education.
(2) a system of quality control.
(3) a system of peer review.
(4) compliance with generally accepted reporting standards.

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