The objective of firm is to ESTABLISH & MAINTAIN a system of Quality control to provide REASONABLE ASSURANCE that:
1. The firm & its staff comply with prof stds ,legal & regulatory req.
2. Reports issued by firm are appropriate
Leadership Responsibilities for quality within firm
Objective
Annotations:
To promote an Internal Culture that recognises importance of quality in performing engagements.
How objective can be met
Relevant Ethical Requirements
Acceptance and Continuance of client relationships & specific engagements