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AUDITING THEORY

Lecture 3
Quality Control
-Should consist of policies designed to provide it with reasonable assurance that the
firm and its personnel comply with professional standards and regulatory and legal
requirements.
Elements of QC (HEALEM)
1.
2.
3.
4.
5.
6.

Human Resources
Ethical Requirements
Acceptance and continuance of client relationships and specific engagements
Leadership responsibilities for quality w/in the firm
Engagement Performance
Monitoring

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