31386 paragraphs found
External inspections are not a substitute for the firm’s internal monitoring activities. Nevertheless, the results of external inspections inform the nature, timing and extent of the monitoring …
Examples of matters in paragraph 37 that may be considered by the firm in selecting completed engagements for inspection In relation to the conditions, events, circumstances, actions or inactions giving rise to the quality risks: The types of engagements …
The firm may undertake multiple monitoring activities, other than inspection of completed engagements, that focus on determining whether engagements have complied with policies or procedures. These monitoring activities may be undertaken on certain …
The inspection of completed engagements for engagement partners on a cyclical basis may assist the firm in monitoring whether engagement partners have fulfilled their overall responsibility for managing and achieving quality on the engagements they are …
The matters considered in an inspection of an engagement depend on how the inspection will be used to monitor the system of quality management. Ordinarily, the inspection of an engagement includes determining that responses that are implemented at the …
Individuals Performing the Monitoring Activities (Ref: Para. 39(b)) …
The provisions of relevant ethical requirements are relevant in designing the policies or procedures addressing the objectivity of the individuals performing the monitoring activities. A self-review threat may arise when an individual who performs: An …
In some circumstances, for example, in the case of a less complex firm, there may not be personnel who have the competence, capabilities, time or objectivity to perform the monitoring activities. In these circumstances, the firm may use network services …
Evaluating Findings and Identifying Deficiencies (Ref: Para. 16a , 40-41 ) …