Question

The primary purpose of establishing quality control policies and procedures for deciding whether to accept a new client is to:

Group of answer choices

Enable the CPA firm to attest to the reliability of the client.

Satisfy the CPA firm's duty to the public concerning the acceptance of new clients.

Minimize the likelihood of association with clients whose management lacks integrity.

Anticipate before performing any fieldwork whether an unmodified opinion can be expressed.

Answer 1

Solution: Minimize the likelihood of association with clients whose management lacks integrity

Explanation: The procedures and policies must be established for deciding whether to continue or accept a client for the minimization of the likelihood of association with a client wherein the management does not have integrity