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

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

b. Satisfy the CPA firm's duty to the public concerning the acceptance of new clients. Which of the following most likely would be the result of ineffective internal control policies

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

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M993421

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