The firm’s determination of when it is appropriate to communicate with external parties about the firm’s system of quality management is a matter of professional judgement and may be influenced by matters such as: The types of engagements performed by the …

Nature, Timing and Extent and Appropriate Form of Communication with External Parties (Ref. Para: 34(e)(iii)) …

The firm may consider the following attributes in preparing information that is communicated to external parties: The information is specific to the circumstances of the firm. Relating the matters in the firm’s communication directly to the specific …

The firm uses professional judgement in determining, in the circumstances, the appropriate form of communication with the external party, including communication with those charged with governance when performing an audit of a financial report of listed …

Engagements Subject to an Engagement Quality Review Engagement Quality Review Required by Law or Regulation    (Ref: Para. 34(f)(ii)) …

Law or regulation may require an engagement quality review to be performed, for example, for audit engagements for entities that: Are public interest entities as defined in a particular jurisdiction; Operate in the public sector or which are recipients of …

Engagement Quality Review as a Response to Address One or More Quality Risk(s) (Ref: Para. 34(f)(iii)) …

The firm’s understanding of the conditions, events, circumstances, actions or inactions that may adversely affect the achievement of the quality objectives, as required by paragraph 25(a)(ii) , relates to the nature and circumstances of the engagements …

The firm’s responses to address quality risks may include other forms of engagement reviews that are not an engagement quality review. For example, for audits of financial reports, the firm’s responses may include reviews of the engagement team’s …

In some cases, the firm may determine that there are no audits or other engagements for which an engagement quality review or another form of engagement review is an appropriate response to address the quality …