Centre For Audit Quality Directorate The Institute of Chartered Accountants of India 16th September, 2022
COMPARISION – “THE AQMM v1.0” VS “THE AQMM REV v1.0”
Section Reference of AQMM
PARA UNDER AQMM
AQMM v1.0
AQMM Rev v1.0
1.5 Quality Control for engagements
(i)
Does the firm have a Partner Review/Quality Review for all audit engagements and is there a document of time spent for review of all engagements?
Does the firm have a Quality Review of all listed audit engagements as per para 60 of the SQC1? Is there a document of time spent for review of all engagements?
