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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)?
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