195 paragraphs found
In the public sector, an auditor appointed under statute (for example, an Auditor‑General) may delegate responsibility for an engagement. The monitoring process needs to include, on a cyclical basis, inspection of at least one completed engagement of …
The reporting of identified deficiencies to individuals other than the relevant engagement partners need not include an identification of the specific engagements concerned, although there may be cases where such identification may be necessary for the …
Complaints and allegations (which do not include those that are clearly frivolous) may originate from within or outside the firm. They may be made by firm personnel, clients or other third parties. They may be received by engagement team members or …
Policies and procedures established for the investigation of complaints and allegations may include for example, that the partner supervising the investigation: Has sufficient and appropriate experience; Has authority within the firm; and Is otherwise not …
It may not be practicable, in the case of firms with few partners, for the partner supervising the investigation not to be involved in the engagement. These small firms and sole practitioners may use the services of a suitably qualified external person …
The form and content of documentation evidencing the operation of each of the elements of the system of quality control is a matter of judgement and depends on a number of factors, including the following: The size of the firm and the number of offices. …
Appropriate documentation relating to monitoring includes, for example: Monitoring procedures, including the procedure for selecting completed engagements to be inspected. A record of the evaluation of: Adherence to AUASB Standards, relevant ethical …
Smaller firms may use more informal methods in the documentation of their systems of quality control such as manual notes, checklists and …
The objective of the firm is to establish and maintain a system of quality control to provide it with reasonable assurance that: The firm and its personnel comply with AUASB Standards, relevant ethical requirements, and applicable legal and regulatory …
For the purposes of this Auditing Standard , the following terms have the meanings attributed below: …