QCS Flashcards
1
Q
It must be completed before thr report is issued
A
Engagement quality control review
2
Q
When is a non audit engagement subject to engagement quality control?
A
-nature (involves public interest)
-unusual circumstances or risks
-laws or regulations requires
3
Q
Independence of familiarity threat rotation period
A
5 years
4
Q
Who shall take responsibility for the overall quality on each AE?
A
Engagement partner
5
Q
Who shall implement quality control procedures applicable to individual audit engagements?
A
Engagement team
6
Q
Who takes responsibility for direction, supervision, and performance of the AE?
A
Engagement partner
