31386 paragraphs found
Examples of when a requirement of this ASQM may not be relevant to the firm The firm is a sole practitioner. For example, the requirements addressing the organisational structure and assigning roles, responsibilities and authority within the firm, …
Design, Implement and Operate a System of Quality Management (Ref: Para. 19) …
Quality management is not a separate function of the firm; it is the integration of a culture that demonstrates a commitment to quality with the firm’s strategy, operational activities and business processes. As a result, designing the system of quality …
The quality of professional judgements exercised by the firm is likely to be enhanced when individuals making such judgements demonstrate an attitude that includes an enquiring mind, which involves: Considering the source, relevance and sufficiency of …
The governance and leadership component includes a quality objective that the firm has an organisational structure and assignment of roles, responsibilities and authority that is appropriate to enable the design, implementation and operation of the firm’s …
Notwithstanding the assignment of responsibilities related to the system of quality management in accordance with paragraph 20 , the firm remains ultimately responsible for the system of quality management and holding individuals responsible and …
An individual(s) assigned responsibility for the matters in paragraph 20 is typically a partner of the firm so that they have appropriate influence and authority within the firm, as required by paragraph 21 . However, based on the legal structure of the …
How the firm assigns roles, responsibilities and authority within the firm may vary and law or regulation may impose certain requirements for the firm that affect the leadership and management structure or their assigned responsibilities. An individual(s) …
Compliance with independence requirements is essential to the performance of audits, or reviews of financial reports, or other assurance engagements, and is an expectation of stakeholders relying on the firm’s reports. The individual(s) assigned …