Review of the financial statements by an EQC reviewer -scope and purpose
Overview
In terms of the system of quality control required to be implemented by the International Standard on Quality Control (ISQC) 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and other Assurance and Related Services Engagements (ISQC 1), firms are required to establish policies and procedures that require, among others, the engagement quality control (EQC) reviewer to review the financial statements or other subject matter information and the proposed report.
| Author | Thandokuhle Myoli -SAICA Project Director: Assurance |
|---|---|
| Division | Audit and Assurance |
| Keywords | EQC reviewer Financial Statements scope purpose |
| Categories | Supporting Audit Quality |
| Date | December 2021/January 2022 |
| URL |