It deals with a firm's responsibilities for its system of quality control for audits and reviews of financial statements, and other assurance and related services engagements.Select one:a.Generally Accepted Quality Controlb.Framework on Quality Controlc.Philippine Standard on Quality Controld.Philippine Standard on Auditing

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

Quality control systems, policies and procedures are the responsibility of theSelect one:a.management's accountantb.managementc.those charged with the governance of the clientd.audit firm

An independent auditor plans, conducts, and reports the results of an audit in accordance withSelect one:a.Philippine Accounting Standardsb.Generally Accepted Auditing Standardsc.Philippine Standards on Auditingd.Generally Accepted Accounting Standards

In the Philippine setting, the standards that are relevant in the conduct of the CPA profession are, exceptSelect one:a.Generally Accepted Auditing Standards (GAAS)b.Generally Accepted Accounting Principles (GAAP)c.Philippine Standards on Auditing (PSA)d.Philippine Standard on Quality Control (PSQC)

It outlines ten (10) minimum standards that auditors should follow. These are grouped into three auditing standards, namely - general standards, fieldwork standards, and reporting standardsSelect one:a.Philippine Standard on Quality Control (PSQC)b.Generally Accepted Accounting Principles (GAAP)c.Generally Accepted Auditing Standards (GAAS)d.Philippine Standards on Auditing (PSA)