Question

A CPA firm evaluates its personnel advancement experience to ascertain whether individuals meeting stated criteria are assigned increased degrees of responsibility. This is evidence of the firm's adherence to which of the following prescribed standards:
a. Accounting and review services.
b. Supervision and review.
c. Quality control.
d. Professional ethics.

Answer 1

Answer: C. Quality Control.

Explanation:One if CPA(Certified public accountant) is a licensed body in the United States of America which helps to certify public accountants who meet their specific criteria. All fifty States of United States of America have their own CPA criteria for license,all but one States has not ratified the clause to allow Accountants from other states to practice on its own domain.

One of its Quality Control objectives is to evaluate and assign higher responsibility to its members who has advanced their experience once they meet certain criteria needed,this is to ensure Quality public accounting.