ENGAGEMENT QUALITY REVIEWER

Objective

(a)       The objective of this project is to develop provisions for the Code addressing threats that may be created when an individual who was previously involved in an

            audit or other assurance engagement (whether as the engagement partner or as another member of the engagement team) is appointed as the EQR on the

            same engagement.

(b)       The project is focused on audit and other assurance engagements for which an engagement quality review is determined to be an appropriate response to an

            assessed quality risk pursuant to [proposed] ISQM 1.2 

Project Contact

Working Group

Project Stages

Issued Document

The final pronouncement addressing the objectivity of an engagement quality reviewer (EQR) and other appropriate reviewers revisions was issued on January 14, 2021, and will be effective for audits of financial statements for periods beginning on or after December 15, 2022.

Final Pronouncement

 

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.

Agree