The objective of the auditor is to implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that: The audit complies with professional standards and applicable legal and regulatory requirements; and The auditor's report issued is appropriate in the circumstances.' (ISA 220 Quality Control for an Audit of Financial Statements).

Required: Describe the nature, and explain the purpose of quality control procedures appropriate to the individual audit. (20 Marks)