Problem
Follow the AICPA Link to go to the Statements on Quality Control Standards (SQCSs) and access SQCS No. 8 (Original pronouncement) and click on QC Section 10 (over to the right of the page). Provide responses to the following:
• Briefly explain the purpose of the SQCSs.
• Who issues the SQCSs?
• List the elements of a system of quality control for a CPA firm as identified in paragraph 17.