Supporting International Standards
Guide to Quality Control for Small- and Medium-Sized Practices, Third Edition
IFAC
Jul 31, 2011 | Guidance & Support Tools
171 Pages
ISBN 978-1-60815-097-7
English
All available Translations: Arabic Arabic Chinese Croatian Finnish French Italian Latvian Lithuanian Polish Portuguese Romanian Serbian Slovak Slovenian Spanish-Latin America Thai Turkish + View All
In Progress Translations: Bulgarian | Estonian | German
This third edition of the guide features enhancements to the two sample manuals, as well as other refinements for clarity and consistency with International Standard on Quality Control (ISQC) 1. The guide contains the requirements set out in ISQC 1 in addition to implementation guidance, including discussion material and an integrated case study that can be used as the basis for education and training.
The guide provides non-authoritative guidance on applying ISQC 1. It is not to be used as a substitute for reading ISQC 1, but as a supplement to help practitioners understand and consistently implement this standard within their firms when developing a system of quality control for audits and reviews of financial information, and other assurance and related service engagements.
See also
- QC Guide—Orientation, a PowerPoint slide deck to introduce users to the structure, features, and key topics in the Guide. Member bodies may have access to the slides for use in training and CPD courses.
- Companion Manual to the QC and ISA Guides on how member bodies and other professional accountancy organizations can make the best use of the Guide.
Note this Guide pre-dates the IAASB's new quality management standards, issued in December 2020.
Guide to Quality Control for Small- and Medium-Sized Practices, Third Edition (PDF | 2.6 MB)
Date: Aug 01, 2011
Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.
Related Resources
- Visit Audit & Assurance in the Global Knowledge Gateway for more implementation resources
- Exploring the IESBA Code: A Focus on Technology
- IFAC-IAASB Quality Management Resources
- Quality Management Series: Small Firm Implementation, Installment One
- The Risk Identification and Assessment Process: Tips on Implementing ISA 315 (Revised 2019)