Quality Control Flashcards by mmaditshaba maphosa

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

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Q

Concerns with quality control

A

Independence
Client investigation
Skills, competence and resources
Engagement letter

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