QCR

In line with ISA 220 Quality control for audit of financial statements describe the audit supervisor’s responsibilities in relation to supervising and reviewing the audit assistant’s works during the audit of Sitia sparkle co (S16 ) /
Explain quality control procedures Maple and Co should have in place during engamement performance (J15)

Sir for both of these questions is the following answer correct:

1)Audit supervisor should supervise the audit in order to track the progress of audit to ensure that work is completed
on time
2)Audit supervisor should consider competence of audit team members and whether work is conducted according to plan
3)Audit supervisor should review work more frequently in order to identify issues promptly so that they can be discussed
with the client
4) Audit supervisor should appoint an engagement quality control reviewer as engagement is high risk