How Do I Write a Quality Control Report?

Quality control standards, quality control standards refer to the general term for the control policies and procedures established and implemented by accounting firms to ensure that audit quality complies with independent auditing standards.

Quality control guidelines

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Quality control criteria

1. The basic standards of quality control are an important part of the professional standard system for certified public accountants. They are the basic standards for making the auditing work of accounting firms comply with the requirements of the independent auditing standards. The Chinese professional standard system for certified public accountants includes four components: one is the independent auditing standards for certified public accountants; the other is the professional ethics standards for certified public accountants; the third is the audit quality control standards for certified public accountants; The implementation of audit quality control standards in the actual audit work process is directly related to whether the specific audit project of the accounting firm and even all audit work meet the independent audit standards and the quality of the audit work.

2. Quality control standards must be followed by every accounting firm

1. Establish and improve various rules and regulations. Sound

The promulgation of independent auditing standards is to regulate the practice of certified public accountants and ensure the quality of audit work. The promulgation of audit quality control standards is to provide reasonable assurance for all certified public accountants of the firm to follow independent audit standards. Therefore, the two are both connected and different.

(I) Link between independent auditing standards and quality control standards

The main links between independent auditing standards and quality control standards are:

1. Both are part of the professional standards system for certified public accountants. Any profession must focus on the quality of the services it provides, and the CPA profession is no exception. The quality of certified public accountant services does not meet the required requirements, and no one believes and relies on the accounting statements they audited. If the quality of a product is the life of an enterprise, then the quality of auditing is the life of an accounting firm. In order to ensure the quality of audits, the professional profession of certified public accountants has developed a multi-level professional standard system. The standard system includes independent auditing standards, quality control standards, professional ethics standards, and professional follow-up education standards. Therefore, the independent auditing standards and the quality control standards are both important parts of the professional accounting system for certified public accountants.

2. The purpose of both is the same. The purpose of the accounting firm's reasonable application of quality control standards is to make all audit work comply with the requirements of independent audit standards, and the audit work of specific audit items shall be conducted in accordance with the independent audit standards. Only when the work of each specific audit project is conducted in accordance with the independent auditing standards can all audit work be guaranteed to meet the requirements of the independent auditing standards. Auditing does not work without criteria, just like a game without rules. And auditing standards are not implemented, nor is it like the rules of the game are not implemented. Therefore, the purpose of establishing and implementing quality control standards is to promote the implementation of audit standards and truly ensure the quality of audit work. As far as accounting firms are concerned, the quality of audit work is formed by specific audit work, and independent auditing standards must be followed to ensure the quality of audit work. Therefore, the two sets of standards are only different in their mode of action, the purpose is to ensure the quality of audit work and improve the credibility of accounting statements.

(II) Differences between independent auditing standards and quality control standards

Although independent auditing standards and auditing quality control standards are related to auditing business and its quality, they are two different concepts with the following differences:

1. The nature of the two is different. Independent auditing standards are technical standards followed by each CPA audit, and are formulated for the completion of each audit project; audit quality control standards are management standards followed by each accounting firm, which are controls for the entire audit work And formulated.

2. The content of the two is different. The independent auditing standards stipulate the professional competence and auditing process and reporting quality requirements of CPAs related to auditing work; the quality control standards closely focus on quality control, including the requirements that should be met by various quality control work.