Question:What is the primary objective of ISQC 1 Quality control for firms that perform audits and reviews of financial statements, and other assurance and related services engagementson quality control?
A. Ensure that audits are conducted to a high standard.
B. Ensure that auditors are not sued for negligence.
C. Ensure that audits are properly planned.
D. Improve the reputation of the auditing profession.
The correct answer is: Ensure that audits are conducted to a high standard.
The primary objective of ISQC 1 Quality control for firms that perform audits and reviews of financial statements, and other assurance and related services engagementsis to ensure that audits are conducted to a high standard.
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