Given the importance of the work done by Accountants and Auditors, and the reputational damage to both the firm and the profession when that work is of poor quality, it is clear that Quality Control is extremely important. Issues of quality are broadly discussed under two main headings, namely (i) firm-wide controls and (ii) engagement-specific controls

. Required: (i) DiscusstheFirm-wideControlstobeinstitutedbyanAuditFirmtoensureQualityControl (ii) Discuss the Engagement-specific Controls to be instituted by an Audit Firm to ensure Quality Control.