31386 paragraphs found
Monitoring activities may include the inspection of in-process engagements. Inspections of engagements are designed to monitor that an aspect of the system of quality management is designed, implemented and operating in the manner intended. In some …
The nature, timing and extent of the monitoring activities may also be affected by other matters, including: The size, structure and organisation of the firm. The involvement of the firm’s network in monitoring activities. The resources that the firm …
When performing monitoring activities, the firm may determine that changes to the nature, timing and extent of the monitoring activities are needed, such as when findings indicate the need for more extensive monitoring …
The Design of the Firm’s Risk Assessment Process and Monitoring and Remediation Process (Ref: Para. 37(c)) …
How the firm’s risk assessment process is designed (e.g., a centralised or decentralised process, or the frequency of review) may affect the nature, timing and extent of the monitoring activities, including monitoring activities over the firm’s risk …
How the firm’s monitoring and remediation process is designed (i.e., the nature, timing and extent of the monitoring and remediation activities, taking into account the nature and circumstances of the firm) may affect the monitoring activities undertaken …
Changes in the system of quality management may include: Changes to address an identified deficiency in the system of quality management. Changes to the quality objectives, quality risks or responses as a result of changes in the nature and circumstances …
The results of the firm’s previous monitoring activities may indicate areas of the system where a deficiency may arise, particularly areas where there is a history of identified …