Monday, 13 February 2017

SA 220 – QUALITY CONTROL FOR AN AUDIT OF FINANCIAL STATEMENTS

Scope:

Ø This sa deals with the specific responsibilities of an Auditor regarding quality control procedures for an audit of financial statements

Ø This SA is based on the premise that the firm is subject ot SQC 1.

Note:

Under SQC 1, the firm has to maintain a system of quality control, to provide it with reasonable assurance { the Engagement Partner is primarily responsible to look after this}