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ASA 220 - Quality Control for an Audit of a Financial Report and Other Historical Financial Information - October 2009
System of Quality Control and Role of EnSystem of Quality Control and Role of Engagement Teams
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System of Quality Control and Role of Engagement Teams
- Quality control systems, policies and procedures are the responsibility of the audit firm. Under ASQC 1, the firm has an obligation to establish and maintain a system of quality control to provide it with reasonable assurance that:
- The firm and its personnel comply with Australian Auditing Standards, relevant ethical requirements, and applicable legal and regulatory requirements; and