ACCA AAA ^INT Syllabus E. Completion, Review and Reporting - The Need For An Engagement Quality Control Review - Notes ^{3 / 4}

When needed, appointed by the engagement partner

Responsible for:

Discussing significant matters

Not issuing the auditor's report until the quality control review has been completed

A Quality Control Review should include:

1. An evaluation of the significant judgments

2. An evaluation of the conclusions reached

A quality control review for a listed entity will include a review of:

. Discussion of significant matters with the engagement partner

. Review of financial statements and the proposed report

. Review of selected audit documentation relating to significant audit judgments team

. Evaluation of the conclusions reached and consideration of whether the auditor's report is appropriate

. Whether appropriate consultations have taken place