1.14 Quality Control Flashcards
1
Q
Who issues the Statements on Quality Control Standards
A
ASB
2
Q
What part of the firm do they apply to?
A
Accounting and auditing
3
Q
Which engagements do the Statements on quality control standards pertain to
A
Those governed by the auditing standards board or the
accounting and review services committee of the AICPA
4
Q
Six elements of quality control
HEAL-ME
A
Human Resources
Ethical requirements independence
Acceptance of continuance relationships have specific engagements
Leadership responsibilities for the quality within the firm tone at the top
Monitoring procedures
Engagement performance
5
Q
Additional policy and procedures for quality control
A
Resolving differences of opinion‘s
Confidentiality integrity etc. of engagement documentation are maintained
