The evolving, risk-based approach to audit firm quality management is consistent with a trend that has become well established in the accounting profession. Over the past 15 years or so, leaders of ...

The CA Institute has said that its newly-issued audit firm quality management standards do not fall within the definition of “auditing standards”. These two standards —SQM 1 and SQM 2 — issued on ...

Tone at the top and appropriate deployment of personnel are among the most important indicators of a quality audit, according to a survey of CPA firms performed by the AICPA. The Practice Monitoring ...

How often and how much does your firm think about quality? Every auditor is, by nature, committed to quality. Every firm has final quality control steps built into its production process. However, ...

Quality auditing is the examination of an organization's quality control systems. The independent auditor examines how well a company ensures the quality of its products and services, and makes a ...

The Audit Quality Board is an advisory body composed of three independent board members — Tracey Golden, Dave Sullivan and Dan Sunderland — who are responsible for evaluating the effectiveness of ...

The Institute of Chartered Accountants of India (ICAI) released a new Standard of Quality Management (SQM), potentially clashing with the National Financial Reporting Authority (NFRA). NFRA, regulator ...

ICAI's stance in a disciplinary case appears conflicting with its recently released Standard on Quality Management (SQM) for audit firms. ICAI claims the Companies Act governs audit standards, while ...

If you would like to learn more about the IAEA’s work, sign up for our weekly updates containing our most important news, multimedia and more. The IAEA carried out a Quality Management Audit in May in ...