• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Quality Control Review

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Quality Control Review

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 30, 2021 at 12:50 am #622240
    gayathree1234
    • Topics: 36
    • Replies: 1
    • ☆

    Hi sir,

    Generally the firm’s audit partner will review the work done before issuing the audit report. If a company engaged quality control reviewer, will the audit partner have to review the work as well?Or else is all the reviewing work is done only by the quality control reviewer?

    Thank you.

    May 30, 2021 at 8:58 am #622276
    Kim Smith
    Keymaster
    • Topics: 88
    • Replies: 6097
    • ☆☆☆☆☆

    Te answer is in our notes, starting on page 48:
    ” Public interest audits … an independent reviewer …. an objective evaluation of the significant judgments made by the engagement team, and the conclusions reached in formulating the auditor’s report.”

    The conclusions in the [draft] auditor’s report will include the audit opinion – which is the responsibility of the audit engagement partner – so the audit engagement partner must have done all necessary work at that stage.

    The EQCR is an ADDITIONAL review (see details on page 49 of the notes) for listed entities (and others if it is the audit firm’s policy to conduct such reviews on other clients).

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • nojwwnolife on The nature and structure of organisations – ACCA Paper BT
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • ben920331 on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Viktoriia.Yanchuk on The Statement of Financial Position and Income Statement (part d)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy