Page 63 - AAA Integrated Workbook STUDENT S18-J19

Quality control

Leadership

Firms must establish policies and procedures to promote an internal culture that
recognises the importance of quality in performing engagements. This requires the
firm's management team (i.e. managing partners) to:

 Establish policies and procedures to address performance evaluation,
compensation and promotion to demonstrate commitment to quality.

 Ensure commercial consideration does not override quality.

 Ensure resources are sufficient to support the quality control procedures.

 Assign operational responsibility to those with sufficient and appropriate
experience, ability and authority to implement those quality control procedures.

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