top of page
  • CCS

The Relationship of ISQM 1 with ISQM 2 and ISA 220 (Revised)

Updated: Jan 5

ISQM 1: Quality management at the firm level

ISQM 1 requires the firm to design, implement and operate a SOQM to manage the quality of engagements performed by the firm.

The firm’s SOQM creates an environment that enables and supports engagement teams in performing quality engagements.

ISQM 1:事务所层面的质量管理

ISQM 1 要求事务所设计、实施和运行一个 SOQM,以管理事务所的业务质量。

事务所的 SOQM 创造了一个环境,使参与团队能够执行高质量的业务。

ISQM 2: Engagement quality reviews

Engagement quality reviews form part of the firm’s SOQM.

ISQM 2 builds upon ISQM 1 by including specific requirements for:

  • The appointment and eligibility of the engagement quality reviewer;

  • The performance of the engagement quality review; and

  • The documentation of the engagement quality review.)

ISQM 2:参与质量审查

业务质量审查是事务所 SOQM 的一部分。

ISQM 2 建立在 ISQM 1 的基础上,包括以下具体要求:-

  • 聘用质量审查员的任命和资格。

  • 业务质量审查的执行;以及

  • 参与质量审查的文件。

ISA 220 (Revised): Quality management at the engagement level

ISA 220 (Revised) deals with the responsibilities of the auditor regarding quality management at the engagement level and the related responsibilities of the engagement partner.

This standard applies to audits of financial statements.

ISA 220(修订版):业务约定层面的质量管理



The firm is responsible for designing, implementing and operating its SOQM.

Aspects of the SOQM may be implemented and operate at the engagement level; however, the firm remains responsible for the SOQM.

The extent to which aspects of the SOQM are implemented and operate at the engagement level depends on the nature and circumstances of the firm and the engagements it performs.

Paragraph A50 of ISQM 1  includes an example of a  response that operates at the firm and engagement level. 

事务所负责设计、实施和运行其 SOQM。

SOQM 的某些方面可以在参与层面上实施和运作;但是,事务所仍然对 SOQM 负责。

SOQM 的各个方面在业务层面上的实施和运作程度取决于事务所的性质和情况以及它所执行的业务。

ISQM 1A50段包括一个在事务所和参与层面上运作的应对的例子。

Regardless of its size, the firm must comply with ISQM 1 and, if applicable, ISQM 2.

Engagement teams performing audits of financial statements are required to comply with ISA 220 (Revised).

For some aspects of the SOQM, a smaller firm may determine that there is no need to establish firm-wide responses. The firm may design and implement responses concurrently with engagement-level quality management.

无论其规模如何,事务所都必须遵守 ISQM 1,如果适用,则遵守 ISQM 2。


对于 SOQM 的某些方面,规模较小的事务所可能认为没有必要建立全所范围的应对。事务所可以在参与层面的质量管理中同时设计和实施应对措施。

Our website's articles, templates, and material are solely for you to look over. Although we make every effort to keep the information up to date and accurate, we make no representations or warranties of any kind, either express or implied, regarding the website or the information, articles, templates, or related graphics that are contained on the website in terms of its completeness, accuracy, reliability, suitability, or availability. Therefore, any reliance on such information is strictly at your own risk.

Keep in touch with us so that you can receive timely updates |


1. Website ✍️ 2. Telegram ✍️ 3. Facebook ✍

4. Blog ✍ 5. Google ✍

6. LinkedIn ✍

16 views0 comments

Recent Posts

See All