Issued by the Auditing Standards Board
November 1979 25
AICPA American Institute of
Certified Public Accountants
The Relationship of Generally
Accepted Auditing Standards to
Quality Control Standards
( Supersedes Statement on Auditing Standards No. 4, Quality Control Considerations
for a Firm of Independent Auditors) 1
1. The independent auditor is responsible for compliance with
generally accepted auditing standards in an audit engagement. Rule
202 of the Rules of Conduct of the Code of Professional Ethics of the
American Institute of Certified Public Accountants requires members
to comply with such standards when associated with financial
2. A firm of independent auditors also needs to comply with generally
accepted auditing standards in conducting an audit practice.
Thus, a firm should establish quality control policies and procedures
to provide it with reasonable assurance of conforming with generally
accepted auditing standards in its audit engagements. The nature and
extent of a firm's quality control policies and procedures depend on
factors such as its size, the degree of operating autonomy allowed its
personnel and its practice offices, the nature of its practice, its organization,
and appropriate cost- benefit considerations.
1The elements of quality control identified in SAS No. 4 have been incorporated in
the body of Statement on Quality Control Standards 1, System of Quality Control
for a CPA Firm, issued by the AICPA Quality Control Standards Committee— the
senior technical committee of the Institute designated to issue pronouncements on
quality control standards.
Copyright © 1979 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036