Auditing: quality management

Overview

Quality management is at the heart of effective auditing. To meet your professional duty of care, you must ensure your firm’s reports and opinions are based on good quality work. That means that audit engagements must be fulfilled to the required quality standards, and failing to do so can have serious consequences.

This course provides a deeper understanding of the key quality standards for audit work. You will identify and apply all of the key guidance on firm wide quality management specified in ISQM 1, as well as developing an understanding of ISQM on Engagement Quality Reviews, how to perform a review and how to document it. You will also review the responsibilities of audit engagement partners under ISA 220 (Revised) and the implications for leaders around maintaining ethical standards.

This course will enable you to:

• adapt new policies, procedures and systems that facilitate effective quality management
• use the ISQM 1 document effectively to ensure high standards in risk assessments, governance and leadership, and ethics
• perform and document a review in accordance with ISQM 2
• use ISA 220 to enhance your ethical considerations when conducting audits.

Helping accountants grow

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers.