Updated: Jul 23, 2022
Monitoring the firm’s quality control policies and procedures
The firm shall establish a monitoring process designed to provide it with reasonable assurance that the policies and procedures relating to the system of quality control are relevant, adequate, and operating effectively. This process shall:
Include an ongoing consideration and evaluation of the firm’s system of quality control including, on a cyclical basis, inspection of at least one completed engagement for each engagement partner;
Require responsibility for the monitoring process to be assigned to a partner or partners or other persons with sufficient and appropriate experience and authority in the firm to assume that responsibility; and
Require that those performing the engagement or the engagement quality control review are not involved in inspecting the engagements. (Ref: Para. A64–A68)
要求执行业务或实施项目质量控制覆核的人员不参与该项业务的检查工作。 （参见：第 A64－A68 段）
Evaluating, Communicating and Remedying Identified Deficiencies
The firm shall evaluate the effect of deficiencies noted as a result of the monitoring process and determine whether they are either:
Instances that do not necessarily indicate that the firm’s system of quality control is insufficient to provide it with reasonable assurance that it complies with professional standards and applicable legal and regulatory requirements, and that the reports issued by the firm or engagement partners are appropriate in the circumstances; or
Systemic, repetitive or other significant deficiencies that require prompt corrective action.
The firm shall communicate to relevant engagement partners and other appropriate personnel deficiencies noted as a result of the monitoring process and recommendations for appropriate remedial action. (Ref: Para. A69)
会计师事务所应当将监控过程注意到的缺陷及建议采取的适当补救措施，告知相关项目合伙人及其他适当人员。 （参见：第 A69 段）
Recommendations for appropriate remedial actions for deficiencies noted shall include one or more of the following:
Taking appropriate remedial action in relation to an individual engagement or member of personnel;
The communication of the findings to those responsible for training and professional development;
Changes to the quality control policies and procedures; and
Disciplinary action against those who fail to comply with the policies and procedures of the firm, especially those who do so repeatedly.
The firm shall establish policies and procedures to address cases where the results of the monitoring procedures indicate that a report may be inappropriate or that procedures were omitted during the performance of the engagement. Such policies and procedures shall require the firm to determine what further action is appropriate to comply with relevant professional standards and applicable legal and regulatory requirements and to consider whether to obtain legal advice.
The firm shall communicate at least annually the results of the monitoring of its system of quality control to engagement partners and other appropriate individuals within the firm, including the firm’s chief executive officer or, if appropriate, its managing board of partners. This communication shall be sufficient to enable the firm and these individuals to take prompt and appropriate action where necessary in accordance with their defined roles and responsibilities. Information communicated shall include the following:
A description of the monitoring procedures performed.
The conclusions are drawn from the monitoring procedures.
Where relevant, a description of systemic, repetitive or other significant deficiencies and of the actions taken to resolve or amend those deficiencies.
Some firms operate as part of a network and, for consistency, may implement some of their monitoring procedures on a network basis. Where firms within a network operate under common monitoring policies and procedures designed to comply with this ISQC, and these firms place reliance on such a monitoring system, the firm’s policies and procedures shall require that:
At least annually, the network communicates the overall scope, extent and results of the monitoring process to appropriate individuals within the network firms; and
The network communicate promptly any identified deficiencies in the system of quality control to appropriate individuals within the relevant network firm or firms so that the necessary action can be taken,
in order that engage partners in the network firms can rely on the results of the monitoring process implemented within the network unless the firms or the network advise otherwise.
Complaints and Allegations
The firm shall establish policies and procedures designed to provide it with reasonable assurance that it deals appropriately with:
Complaints and allegations that the work performed by the firm fails to comply with professional standards and applicable legal and regulatory requirements; and
Allegations of non-compliance with the firm’s system of quality control.
As part of this process, the firm shall establish clearly defined channels for firm personnel to raise any concerns in a manner that enables them to come forward without fear of reprisals. (Ref: Para. A70)
以使会计师事务所人员能够没有顾虑地提出关注的问题。 （参见：第 A70 段）
If during the investigations into complaints and allegations, deficiencies in the design or operation of the firm’s quality control policies and procedures or non-compliance with the firm’s system of quality control by an individual or individuals are identified, the firm shall take appropriate actions as set out in paragraph 51. (Ref: Para. A71–A72)
如果在调查投诉和指控的过程中识别出会计师事务所质量控制政策和程序在设计或运行方面存在缺陷，或者存在一人或多人违反质量控制制度的情况，会计师事务所应当按照第 51 段的规定采取适当行动。 （参见：第 A71－A72 段）
Monitoring the Firm’s Quality Control Policies and Procedures (Ref: Para. 48)
监控会计师事务所的质量控制政策和程序（参见：第 48 段）
The purpose of monitoring compliance with quality control policies and procedures is to provide an evaluation of:-
Adherence to professional standards and applicable legal and regulatory requirements;
Whether the system of quality control has been appropriately designed and effectively implemented; and
Whether the firm’s quality control policies and procedures have been appropriately applied so that reports that are issued by the firm or engagement partners are appropriate in the circumstances.
Ongoing consideration and evaluation of the system of quality control include matters such as the following:
New developments in professional standards and applicable legal and regulatory requirements, and how they are reflected in the firm’s policies and procedures where appropriate;
Written confirmation of compliance with policies and procedures on independence;
Continuing professional development, including training; and
Decisions related to acceptance and continuance of client relationships and specific engagements.
Determination of corrective actions to be taken and improvements to be made in the system, including the provision of feedback on the firm’s policies and procedures relating to education and training.
Communication to appropriate firm personnel of weaknesses identified in the system, in the level of understanding of the system, or compliance with it.
Follow-up by appropriate firm personnel so that necessary modifications are promptly made to the quality control policies and procedures.
Inspection cycle policies and procedures may, for example, specify a cycle that spans three years. The manner in which the inspection cycle is organized, including the timing of selection of individual engagements, depends on many factors, such as the following:
The size of the firm.
The number and geographic location of offices.