Appropriate accounting and auditing research requires adequate technical reference materials. Each firm professional has online password access through the firm’s website to electronic reference materials on accounting, auditing, tax, SEC, and other technical information, including industry data.
For each of the following procedures taken from the quality control manual of a CPA firm, identify the applicable element of quality control from Table 2-3 on page 39. a. All potential new clients are reviewed before acceptance. The review includes consultation with predecessor auditors and background checks. All new clients are approved by the […]