M1 Quality Management

Question 1

What is the Section governs the Quality of Audits

Answer 1

ISQM 1 and 2, namely International Standards on Quality Management 1 and 2

Question 2

What are the requirement sections of ISQM 1

Answer 2

• system of quality Management
• the firms risk and assessment process
• Governance and leadership
• Relevant Ethical Requirements
• Acceptance and continuance of client relationships and specific engagements
• engagement performance
• resources
• information and communication
• monitoring and remediation Process responsiveness

Word: SRGRAPRIM

Question 3

What are the requirement sections of ISQM 2

Answer 3

• Appointment and Eligibility of engagement quality Reviewers
• Performance of engagement quality review
• Documentation

Word: APD