Ch 5- Quality Management

Question 1

Engagement partner responsible for achieving quality of engagement:

-lead by example
-identify, evaluate & address ethical threats
-Remain alert for breaches
-Prior to dating auditors report, questions whether ethical requirement have been fulfilled.

Question 2

Acceptance:

-Values of owners
-Resources available
-Team competence and available time
-Consider prior or current matters (implications)

Question 3

Engagement performance:
1-Direction guidance and objectives
2-Supervision- Progress and competence
3-Ri must be satisfied with chain of staff
4-Hot review/independent review