This ISQC1 (International Standard on Quality Control 1) (Audit Quality Control) Manual is for audit firms registered to carry out audit work in the Republic of Ireland. It enables these firms to comply with audit quality control requirements an includes the latest requirements of International Education Standard 8 (IES 8) – the standard dealing with the ongoing education of responsible individual auditors. It can also be adapted for other jurisdictions. It is based on the ISQC1 issued by the Irish Auditing and Accounting Supervisory Authority (IAASA).
It includes chapters on:
- Quality Control System
- Leadership Responsibilities
- Relevant Ethical Requirements
- Acceptance, Continuance and Cessation
- Human Resources
- Engagement Performance
- Cold File Reviews
- Guidance on IES 8
- Competencies and learning outcomes
- Definitions used in ISQC1
Fully up to date as at February 2018.