Final answer:
A CPA firm arranging a review of its practices by another CPA firm is engaging in a Peer Review Engagement.
Correct option A.
Step-by-step explanation:
An engagement in which a CPA firm arranges for a critical review of its practices by another CPA firm is referred to as a Peer Review Engagement.
Peer reviews are part of the accounting profession's self-regulatory efforts to maintain and improve the quality of audits and services provided by CPA firms.
During a peer review, an independent evaluator, usually another CPA firm that is qualified to perform peer reviews, assesses the firm's compliance with professional standards in its accounting and audit practice.
Options such as Quality Control Engagement, Quality Assurance Engagement, and Attestation Engagement refer to different types of professional engagements.
Specifically, a Quality Control Engagement may involve review of a firm's internal policies and procedures, while a Quality Assurance Engagement could relate to broader management practices including quality control.
Attestation Engagement involves providing assurance on information other than financial statements, such as internal controls or compliance with regulations.
Correct option A.