Appendix A—System of Quality Control Elements (Annual Audit)—text version
Report on a Review of the Annual Audit Practice—Practice Reviews Conducted in the 2013–14 Fiscal Year
Appendix A—System of Quality Control Elements (Annual Audit)
This diagram shows three sides of a cube, each side depicting aspects of the System of Quality Control.
The top of the cube shows the objectives of the System of Quality Control:
- Compliance with professional standards and applicable legal and regulatory requirements; and
- Reports issued are appropriate in the circumstances.
The right side of the cube shows the two levels of the System Quality Control:
- Firm level (CSQC 1)
- Engagement level (CAS 220 or S5030)
The left side of the cube shows the elements of the System of Quality Control:
- leadership,
- ethics and independence,
- acceptance and continuance,
- human resources,
- engagement performance, and
- monitoring
(Return)