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QUESTION 3 An audit firm should establish a monitoring process designed to provide it with reasonable assurance that the policies and procedures relating to the

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QUESTION 3 An audit firm should establish a monitoring process designed to provide it with reasonable assurance that the policies and procedures relating to the system of quality control are relevant, adequate, and operating effectively' (ISQC1). Required: Interpret three (3) matters that should be considered by the firm to monitor the quality control policies and procedures. (6 marks) (Total: 6 marks)

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