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Peer Review Guide > Summary of Quality Control Standards The Personnel Management Element of a Firm's System of Quality Control--Competencies Required by a Practitioner-in-Charge of an Attest Engagement n Overview.. This standard clarifies the personnel management element of a firm's system of quality control as outlined in SQCS No. 2. In light of the significant responsibilities during the planning and performance of accounting, auditing, and attestation engagements of individuals who are responsible for supervising accounting, auditing, and attestation engagements and signing or authorizing an individual to sign the accountant's report on such engagements, a firm's policies and procedures related to the items noted in Personnel Management in SQCS No. 2 should be designed to provide the firm with reasonable assurance that such individuals (the practitioner-in-charge of an engagement) possess the kinds of competencies that are appropriate given the circumstances of the individual client engagements. Competencies, as defined in SQCS No. 5, are the knowledge, skills, and abilities that enable a practitioner-in-charge to be qualified to perform an accounting, auditing, or attestation engagement. A firm is expected to determine that the kinds of competencies that are necessary in the individual circumstances.n Effective date: Applicable to a CPA firm's system of quality control for its accounting and auditing practice as of June 30, 2000. Earlier implementation is encouraged.Peer Review Guide > Summary of Quality Control Standards © 1998-2001, Duane Reyhl, CPA |