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CPCAF
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Report and LOC
example
System Reviews
Reports:
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Report templates
LOC Findings:
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Independence
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Acceptance / Continuance
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Personnel Management
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Engagement Performance
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Monitoring
Engagement Review
Reports:
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Report templates
LOC Findings:
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Modifying
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Non-Modifying
Report Review
-Report
examples
LOR Samples
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System reviews
- Engagement
reviews
Updated 2/13/2005
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Peer
Review Guide >
Report and
LOC Guide > Acceptance and Continuance of Clients and Engagements
System LOC: Acceptance and Continuance of Clients and Engagements
Quality Control Requirements
Index to Findings: Sample symptoms and systemic
causes with links to sample wording
Quality Control Requirements:
A firm's quality control system should provide reasonable assurance that the firm:
- Only undertakes engagements that the firm can reasonably expect to be completed with professional competence
- Appropriately considers risks associated with providing service in particular circumstances.
- Require an understanding with the client on the nature, scope and limitations of the services to be performed, but defers to professional standards for guidance in determining whether the understanding should be oral or written.
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Index to Findings: Sample Symptoms and Systemic Causes
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Finding
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Symptom
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Policy/Procedure Weakness
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a01
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Lack of documentation of communication with predecessor auditors. |
Policies do not require documentation of communication. |
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a02
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Lack of documentation of consideration of client acceptance. |
Did not follow firm's evaluation and documentation policy. |
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a03
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Lack of documentation regarding new client acceptance. |
Did not follow firm's documentation policy. |
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Peer
Review Guide >
Report and
LOC Guide > Acceptance and Continuance of Clients and Engagements
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