AUDIT LECTURES SLIDES QUALITY CONTROL AUDIT

1. PRESENTED BY
Atta-ur-Rahman Arif

2.  Quality Control refers to all measures
undertaking by an audit practice
which are designed to assist in
achieving a high quality of audit and
of the audit report issued and
wherever considered necessary to
improve quality.

3. 1. It promotes observance of the professional
standards relevant to the work of an
Auditor.
2. How overall quality of the work carried out
within the firm can best be monitored and
maintained.
3. Provides reasonable assurance that all
audits carried out by the firm are
performed in accordance with approved
auditing standards.
4. Reduce the audit risk by ensuring that an
opinion on the financial statements is
properly arrived at and worked.
5. Firm must have sufficient direction,
supervision and review of work at all levels

4.  Factors affects the nature and
extent of the policies
 Size of firm
 Nature of firm’s practice
 Number of firm’s offices
 Organization of Firm