Section Human Resources - ASQC 1 - Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, and Other Assurance Engagements - Human Resources

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Human Resources

The firm shall establish policies and procedures designed to provide it with reasonable assurance that it has sufficient personnel with the competence, capabilities, and commitment to ethical principles necessary to:
1. Perform engagements in accordance with AUASB Standards, relevant ethical requirements, and applicable legal and regulatory requirements; and
2. Enable the firm or engagement partners to issue reports that are appropriate in the circumstances. (Ref: Para. A24‑A29)

Assignment of Engagement Teams

The firm shall assign responsibility for each engagement to an engagement partner and shall establish policies and procedures requiring that:
1. The identity and role of the engagement partner are communicated to key members of client management and those charged with governance;
2. The engagement partner has the appropriate competence, capabilities, and authority to perform the role; and
3. The responsibilities of the engagement partner are clearly defined and communicated to that partner. (Ref: Para. A30)
The firm shall also establish policies and procedures to assign appropriate personnel with the necessary competence, and capabilities to:
1. Perform engagements in accordance with AUASB Standards, relevant ethical requirements, and applicable legal and regulatory requirements; and
2. Enable the firm or engagement partners to issue reports that are appropriate in the circumstances. (Ref: Para. A31)