This is the final installment in our QM series that addresses the proposed audit standard. The audit standard assists the engagement team to understand their responsibilities in applying the system of quality management to an individual audit engagement. Comments are due June 11, 2021.
Call to Action: Are you planning to respond to this important proposal?
Exposure Draft Link: https://www.aicpa.org/content/dam/aicpa/research/exposuredrafts/accountingandauditing/downloadabledocuments/20210204a/20210204a-quality-mgmt-ed.pdf
You can find “Quality Management Proposal (Part 1)” by clicking here or visiting SCACPA’s A&A Topics Blog.
“Quality Management Proposal (Part 2)”