Internal quality control system in the audit firm - current state and proposed changes
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2019, Vol 2019, Issue 102
Abstract
The main goal of the article is to present the expected changes in the regulations concerning the internal quality control system of the audit firm against the background of previous experience (current regulations and activities undertaken as part of public oversight introduced in 2009).The research focused on the planned changes in the International Standard for Quality Control 1 (ISQC 1) and was conducted in the context of the impact of the issue on ensuring the quality of services provided by statutory auditors. The research conclusions were formulated based on the analysis of international quality control standards, legal acts, publications in the field of financial revision (mainly online), deductions and conclusions supported by own experience. The results of the survey show that the changes in ISQC 1 designed by the International Au-diting and Assurance Standards Board (IAASB) significantly change the approach to the internal quality control system in audit firms and at the same time meet the demands for quality improvement in auditing companies and the recommendations resulting from inspections carried out by the Audit Oversight Com-mission and the National Audit Oversight Committee. The article may be an indication for the regulator, public oversight body and audit firms, but also an inspiration for further scientific research.<br/><br/>
Authors and Affiliations
Dorota Będziak, Andrzej Netter
Keywords
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- EP ID EP599761
- DOI 10.5604/01.3001.0013.2454
- Views 119
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