Auditing Standards Board's Revised Quality Control Standards
In October 2007, the AICPA’s Auditing Standards Board (ASB) issued the AICPA’s Statement on Quality Control Standards (SQCS) No. 7, A Firm’s System of Quality Control, which was effective January 1, 2009.
SQCS 7 supersedes and replaces all of the previously effective QC standards and applies to any practice that performs audits, reviews, compilations or other services covered by Rules 201 or 202 of the AICPA Code of Professional Conduct.
Elements of a System of Quality Control for a Firm’s A&A Practice
Leadership responsibilities for quality within the firm
Relevant ethical requirements (e.g. independence, integrity, objectivity, concern for the public interest)
Acceptance and continuance of
client relationships and specific engagements
Acceptance and continuance of clients and engagements
Human resources
Engagement performance
Monitoring
Go to the Quality Control Standards page.
Independence, integrity and objectivity
client relationships and specific engagements
Acceptance and continuance of clients and engagements
Personnel management
Engagement performance
Monitoring
