The Professional Standard

•“Measures of the quality

GAAS of the auditors
performance”
General Standards of Standards of
Standards Work Reporting
• Technical Training • Planning
and Proficiency • Internal Control
Consideration • Inconsistency
• Independence
• Professional Care • Evidential Matter • Disclosure
• Opinion
AASC Pronouncements
Assurance Related
Engagements Services

Agreed Upon
Audit
Procedure

Review Compilation

Other
Assurance
System •Policies and procedures to provide
assurance of conforming with
of standard
Quality •PSQC
Control •PSA 220
 Policies and Procedures on
Ethical Client HR &
Independence
Requirements Relationship Assignment
• Integrity • Obtain • Integrity of the • Recruitment
• Objectivity information client • Performance
• Professional • Evaluate • Competent to Evaluation
Competence Information perform the • Capabilities &
• Confidentiality • Safeguards engagement Competence
• Professional • Document • Comply with • Career
Behavior Conclusion ethical Development
requirements • Assignment of
Engagement
Teams
 Policies and Procedures on
Engagement Differences in
QCR Monitoring
Performance Opinion
• Direction • QCR has been • To bring • System of QC
• Supervision appointed matters should relevant,
• Review • Discuss matters involving adequate and
arising during differences in effective
• Consultation
audit opinion to the
• Not to issue partners or
report unless within the firm
QCR is done without fear or
reprisal
• Report should
not be issued
until matter has
been resolved