Quality Control Standards
American Institute of Certified Public Accountants
System of Quality Control for a CPA Firm's Accounting and Auditing Practice
(Supersedes Statement on Quality Control Standards No. 1 and Its Interpretations, AICPA, Professional Standards, vol. 2, QC sec. 10 and sec. 10-1.)
Introduction and Applicability
1. This Statement provides that a CPA firm shall have a system of quality control for its accounting and auditing practice and describes elements of quality control and other matters essential to the effective design, implementation, and maintenance of the system.
2. The AICPA Principles of Professional Conduct provide, among other things, that "members should practice in firms that have in place inter-nal quality-control procedures to ensure that services are competently delivered and adequately supervised."1 Because of the public interest in the services provided by and the reliance placed on the objectivity and
1 AICPA Code of Professional Conduct, "Article VI—Scope and Nature of Services" (AICPA, Professional Standards, vol. 2, ET sec. 57.03).
Copyright © 1996 by
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