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Services
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Relevance and Adequacy of Quality Control Policies and
Procedures
Policy Statement:
The CPA firm will consider and evaluate, on an
regular basis, the applicability and ability to fulfill its quality control
policies and procedures.
Implementation:
The CPA firm will carry out this policy through the following
procedures:
- Assigning a management-level officer
with the duty of quality assurance, including
- Ensuring that the CPA firm’s quality
control policies and procedures and its audit programs remain
applicable and adequate. Criteria to be considered include
- Mergers
and divestitures of portions of the practice.
- Changes
in professional standards, and SEC or other regulatory requirements
applicable to the firm’s practice.
- Results of
annual inspections and peer reviews.
- Review
of litigation and regulatory enforcement actions against the firm and
others.
- Impact
that changes in technology may have on clients’ methods of doing
business.
- Changes
in clients’ industries that impact their operations.
- Changes
in applicable AICPA membership requirements.
- Ascertain whether employees are informed
of their responsibilities for keeping the CPA firm’s standards of
quality in carrying out their duties.
- Deciding on the need to:
- Change policies and procedures related
to the other elements of quality control.
©/2003 to 2009 A Andrew Harrison CPA P.C. love a challenge
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