PSQC 1

Question 1

The record of work performed, results obtained, and conclusions the practitioner reached

Answer 1

Engagement documentation

Question 2

To promote an internal culture recognizing that quality is essential in performing engagements

Answer 2

Leadership responsibilities

Question 3

Has sufficient and appropriate experience and ability to assume the responsibility

Answer 3

CEO or managing board of partners

Question 4

If a potential conflict of interest is identified in accepting an engagement dron a new or an existing client

Answer 4

The firm shall determine whether it is appropriate to accept the engagement

Question 5

If issued have been identified, and the firm decides to accept or continue the client relationship or a specific engagement

Answer 5

The firm needs to document how the issues were resolved

Question 6

It uses appropriate research resources as well as the collective experience and technical expertise of the firm

Answer 6

Consultation

Question 7

It includes discussion at the appropriate professional level

Answer 7

Consultation