Quality Control Flashcards
1
Q
General matters on ISA 220/ISQC1
A
- Not taking audit quality seriously
- Negatively impact on audit quality
- Sacrificing audit quality
- They’re encouraging inappropriate behaviour
- Public interest entity requires engagement quality reviewer
- Start by describing the purpose of ISCQC1
2
Q
Concerns with quality control
A
- Independence
- Client investigation
- Skills, competence and resources
- Engagement letter
