An Audit Firm's Quality Control Procedures Pertaining to the Acceptance

Multiple Choice

An audit firm's quality control procedures pertaining to the acceptance of a prospective audit client would most likely include:

A) inquiry of management as to whether disagreements between the previous auditor and the prospective client were resolved satisfactorily.
B) consideration of whether sufficient appropriate audit evidence may be obtained to afford a reasonable basis for an opinion.
C) inquiry of third parties, such as the prospective client's bankers and solicitors, about information regarding the prospective client and its management.
D) consideration of whether the internal control is sufficiently effective to permit a reduction in the extent of required substantive tests.