ISQC: Quality Control for All Firms

Description

Mind Map on ISQC: Quality Control for All Firms , created by ZOE MEKE on 02/02/2016.
ZOE MEKE
Mind Map by ZOE MEKE, updated more than 1 year ago
ZOE MEKE
Created by ZOE MEKE almost 9 years ago
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Resource summary

ISQC: Quality Control for All Firms
  1. Objective of ISQC 1

    Annotations:

    • 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
    1. Leadership Responsibilities for quality within firm
      1. Objective

        Annotations:

        • To promote an Internal Culture that recognises importance of quality in performing engagements.
        1. How objective can be met
        2. Relevant Ethical Requirements
          1. Acceptance and Continuance of client relationships & specific engagements
            1. Human Resource
              1. Engagement performance
                1. Monitering
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