Section Relevant Ethical Requirements - Auditing Standard ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements - Relevant Ethical Requirements | Zoe

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Auditing Standard ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements

Relevant Ethical RequirementsRelevant Ethical Requirements

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Relevant Ethical Requirements

The firm shall establish the following quality objectives that address the fulfillment of responsibilities in accordance with relevant ethical requirements, including those related to independence: (Ref: Para. A62–A64, A66)
1. The firm and its personnel:
  1. Understand the relevant ethical requirements to which the firm and the firm’s engagements are subject; and (Ref: Para. A22, A24)
  2. Fulfill their responsibilities in relation to the relevant ethical requirements to which the firm and the firm’s engagements are subject.
2. Others, including the network, network firms, individuals in the network or network firms, or service providers, who are subject to the relevant ethical requirements to which the firm and the firm’s engagements are subject:
  1. Understand the relevant ethical requirements that apply to them; and (Ref: Para. A22, A24, A65)
  2. Fulfill their responsibilities in relation to the relevant ethical requirements that apply to them.