CA Final Audit Chapter-1 Quality Control Class 1 Part-2 | SQC 1 Explained

We’re continuing with Chapter 01: Quality Control.

In this session, we discussed SQC 1 – Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements.

Topics Covered:

✅ Acceptance and Continuance of Client Relationships and Specific Engagements✅ Matters to be considered with regard to integrity of the client✅ Matters the firm considers while evaluating capabilities, competence, time and resources to undertake a new engagement from a new or an existing client.✅ Issues that need to be addressed before deciding to withdraw✅ Human Resources✅ Assignment of Engagement Teams✅ Monitoring✅ Factors need to be considered in monitoring the quality control of engagements within a firm

Stay tuned for more revision sessions to strengthen your CA Final Audit preparation! 🎧🔥

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RegardsNeeraj Arora

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