Audit firms are expected to establish and maintain a system of quality control. PCAOB inspections often cite
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Audit firms are expected to establish and maintain a system of quality control. PCAOB inspections often cite the lack of quality controls as a deficiency of audit firms. What role does leadership play in developing the kind of quality control system that supports ethical decision making in audits?
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Firm leadership needs to ensure that a system of quality controls is in place to deal with audit issues and any differences of opinion between auditors and top management Quality controls establish pr...View the full answer
Answered By
Jehal Shah
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Related Book For 
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
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