OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Spread the word
If you have benefited from our materials, please spread the word so more students can benefit.
To help us keep materials up to do and add new content you can also donate
Kim Smith says
April 13, 2020 at 11:03 am
ISQC 1 concerns the QC requirements for every firm/practice – whether it has two partners or fifty partners and whether it has a handful of audit clients or hundreds of audit clients must have a SYSTEM of quality control. ISA 220 concerns the quality controls to be applied to the conduct of each individual audit/review engagement. These will be specific to each individual engagement.
August 14, 2019 at 1:14 pm
My query is: what is the difference between individual audit assignments (as per ISA 220) and firm (as per ISQC 1)?
You must be logged in to post a comment.