31386 paragraphs found
The nature and circumstances of public sector entities (e.g., due to their size and complexity, the range of their stakeholders, or the nature of the services they provide) may give rise to quality risks. In these circumstances, the firm may determine …
In addition to enabling the evaluation of the system of quality management, the monitoring and remediation process facilitates the proactive and continual improvement of engagement quality and the system of quality management. For example: Given the …
Designing and Performing Monitoring Activities (Ref: Para. 37–38) …
The firm’s monitoring activities may comprise a combination of ongoing monitoring activities and periodic monitoring activities. Ongoing monitoring activities are generally routine activities, built into the firm’s processes and performed on a real-time …
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)) …