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For auditors of non-issuers AU-C 220 provides guidance on appropriate procedures for the quality reviewer to carry out on the audit firm being reviewed. From
For auditors of non-issuers AU-C 220 provides guidance on appropriate procedures for the quality reviewer to carry out on the audit firm being reviewed. From 1-10 and N/A select the exact order in which they appear that identify required review procedures. Select "N/A" if not applicable.
A.Evaluating the audit partner rotation policy |
B. | Reading the financial statements, management's report on internal control, and auditor's report |
C. | Evaluating judgments about materiality and the disposition of corrected and uncorrected identified misstatements |
D. | Reviewing the engagement team's evaluation of the firm's independence in relation to the engagement |
E. | Discussing significant matters related to the financial statements and internal controls, including the audit team's identification of material control deficiencies and audit of significant risks |
F. | Determining the percentage of audit opinions the firm has issued that are qualified, adverse or disclaimed |
G. | Confirming with the lead audit partner that there are no significant unresolved matters |
H. | Evaluating whether the auditor documentation supports the conclusions reached by the engagement team with respect to the matters reviewed |
I. | Assessing whether appropriate matters have been communicated to audit committee members, management, and other appropriate parties |
J. | Determining if appropriate consultations have taken place on difficult or contentious matters |
K. | Evaluating whether appropriate levels of supervision and reviews of individual audit tasks were completed adequately during the audit |
L. | Reviewing the firm's policy with respect to the use of generalized audit software |
M. | Reviewing the related audit documentation to determine its sufficiency |
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