EQCREngagement Quality Control Review
References in periodicals archive ?
Firms must be careful in developing EQCR criteria since some will need to hire an independent contractor to perform this service.
For example, for firms that perform only reviews and compilations, the criteria could be that they will require an EQCR if they accept an audit engagement, for firms with audit practices, the criteria could be that an EQCR is required if the firm performs an Employee Benefit Plan audit or OMB Circular A-133 audit.