AICPA Audit and Accounting Practice Aid

As part of the AICPA’s Enhancing Audit Quality initiative, the Institute developed e-versions of the AICPA Audit and Accounting Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm’s Accounting and Auditing Practice­. The Practice Aid is intended to help practitioners better develop the policies and procedures that comprise a firm’s system of quality control, as required by QC section 10, A Firm’s System of Quality Control (AICPA, Professional Standards).

The Practice Aid is offered to AICPA members at no charge and is available in two versions: one for small- and medium-sized firms and another for sole practitioners. This practice aid replaces a previous version of the practice aid, which was last updated in 2011. The revised practice aid contains more easily customizable illustrative policies and procedures and includes tips, warnings and reminders to help practitioners better implement the quality control policies and procedures. It is designed to assist practitioners in maintaining and improving audit excellence.

Both versions of the practice aid include illustrative policies and procedures for their designated audience, along with guidance on designing and maintaining a system of quality control. Additionally, the practice aid includes an overview of QC section 10 as well as QC section 10. 

The AICPA encourages practitioners to use the materials in developing your systems of quality control and grants users permission to copy and incorporate portions of the work as necessary. This permission is for internal use only except for educational purposes. The materials or any portion thereof may not be incorporated into a for-sale work or otherwise distributed without separate written permission from the AICPA.