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Auditing Standard ASA 220 Quality Management for an Audit of a Financial Report and Other Historical Financial Information
Taking Overall Responsibility for ManagiTaking Overall Responsibility for Managing and Achieving Quality
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Taking Overall Responsibility for Managing and Achieving Quality
- Prior to dating the auditor’s report, the engagement partner shall determine that the engagement partner has taken overall responsibility for managing and achieving quality on the audit engagement. In doing so, the engagement partner shall determine that: (Ref: Para. A113–A116)
- The engagement partner’s involvement has been sufficient and appropriate throughout the audit engagement such that the engagement partner has the basis for determining that the significant judgements made and the conclusions reached are appropriate given the nature and circumstances of the engagement; and
- The nature and circumstances of the audit engagement, any changes thereto, and the firm’s related policies or procedures have been taken into account in complying with the requirements of this ASA.