The ASB has made various changes to the language throughout the SQCS, as compared with ISQC 1.
The ASB believes that such changes will not create differences between the application of ISQC 1 and the application of the SQCS.
Paragraph 25 of ISQC 1 requires the firm to establish policies and procedures setting out criteria for determining the need for safeguards to reduce the familiarity threat to an acceptable level when using the same senior personnel on an assurance engagement over a long period of time.
Paragraph 48(a) of ISQC 1 requires including, on a cyclical basis, inspection of at least one completed engagement for each engagement partner as a monitoring procedure.
Paragraph 36 of ISQC i requires that the quality control review be completed before the report is dated.
Paragraph 48(c) of ISQC 1 requires that those performing the engagement or the engagement quality control review are not involved in inspecting the engagements.
(10) Este documento presenta un analisis detallado de la ISQC
1 y los requisitos que debe observar una pequena o mediana firma de contadores; aborda, entre otros aspectos, los conceptos clave de las responsabilidades que tienen los lideres con respecto al sistema de calidad de la firma, los requisitos sobre etica, la aceptacion y continuidad de relaciones con clientes.
(Norma Internacional sobre Control de Calidad)1, Quality Control for Firms That Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagement, International Standard on Quality Control 1 de la IFAC, 2004.
5/27/03 Proposed ISQC
1 "Quality Control for Audit, 8/31/03
IAASB [International Accounting and Auditing Standards Board] Part of IFAC, issues International Standards on Auditing (ISAs), International Standards on Quality Control (ISQCs
) and other standards relating to ethics, education, assurance and other services.