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1、专业班级 导师姓名 SYSTEM OF QUALITY CONTROL FOR A CPA FIRMS ACCOUNTING AND AUDITING 1.01 This chapter describes how a CPA firm that has multiple offices （Multi-Office CPA Firm） implements each element of quality control in its accounting and auditing practice. Multi-Office CPA Firm is a hypothetical firm th

2、at has 10 offices in 3 states and is centrally managed. Multi Office CPA Firm has 15 partners, 100 professionals, and a concentration of financial institution clients for which it performs audit and attest services. The firm uses practice aids that have been subjected to peering review in accordance

3、 with standards established by the AICPA. These practice aids are supplemented by oral and written communications from the firms partners. It has no issuer clients.QUALITY CONTROL POLICIES AND PROCEDURES 1.02 The firms system of quality control consists of policies designed to achieve the objectives

4、 of the system and the procedures necessary to implement and monitor compliance with those polices. The policies and procedures are required to be documented. Multi-Office CPA Firm documents its system of quality control by preparing a document that comprehensively describes policies and procedures

5、established and maintained for each element of quality control. Multi Office CPA Firm reviews the documentation at least annually and updates it as necessary. 1.03 The firm should communicate its quality control policies and procedures to its personnel. Effective communication includes the following

6、: A description of quality control policies and procedures and the objectives they are designed to achieve The message that each individual has a personal responsibility for quality 1.04 Multi-Office CPA Firm communicates these policies and procedures in writing and makes the documentation available

7、 electronically to all professional personnel. Multi-Office CPA Firm requires each individual to be familiar with and to comply with these policies and procedures. Multi-Office CPA Firm also includes procedures for personnel to communicate their views or concerns on quality control matters to partne

8、rs. If Multi-Office CPA Firm were to be engaged to perform audit services for an issuer, it might need to revise its quality control policies and procedures to comply with PCAOB （Public Company Accounting Oversight Board） standards and to reflect SEC （Securities and Exchange Commission） requirements

9、 applicable to audits of issuers. LEADERSHIP RESPONSIBILITIES FOR QUALITY WITHIN THE FIRM （THE “TONE AT THE TOP”） 1.05 The objective of the leadership responsibilities element of a system of quality control is to promote an internal culture based on the recognition that quality is essential in perfo

10、rming engagements. Multi-Office CPA Firm satisfies this objective by establishing and maintaining the policies and procedures described in paragraphs 2.062.10. 1.06 Policy 1: The firms managing partner assumes ultimate responsibility for the firms system of quality control. Multi-Office CPA Firm imp

11、lements this policy through the following procedures: Having the managing partner accept overall responsibility for the firms system of quality control and promoting a quality-oriented culture by sending clear, consistent, and frequent messages through e-mails, letters, and recordings Having a missi

12、on statement that includes the firms core values and the importance of quality Informing personnel that failure to adhere to the firms policies and procedures regarding performance quality and commitment to ethical principles may result in disciplinary action 1.07 Policy 2: The firm assigns manageme

13、nt responsibilities so that commercial considerations do not override the quality of the work performed. Multi-Office CPA Firm implements this policy through the following procedures: Having the managing partner continually evaluate client relationships and specific engagements so that commercial co

14、nsiderations do not override the objectives of the system of quality control Emphasizing to all personnel that fee considerations and scope of services should not infringe upon quality work 1.08 Policy 3: The firm assigns operational responsibility for the firms quality control system to personnel w

15、ho have sufficient and appropriate experience and ability to identify and understand quality control issues and to develop appropriate policies and procedures, as well as the necessary authority to implement those policies and procedures. Multi-Office CPA Firm implements this policy through the foll

16、owing procedures: Designating a quality control partner with overall operational responsibility for developing and implementing appropriate policies and procedures for the firms quality control system Designating a quality control individual for each office 1.09 Policy 4: The firm designs procedures

17、 addressing performance evaluation, compensation, and advancement （including incentive systems） with regard to personnel to demonstrate the firms overarching commitment to the objectives of the system of quality control. Multi-Office CPA Firm implements this policy through the following procedures:

18、Designing and implementing performance evaluation and advancement systems that （a） reward partners and staff involved in the accounting and auditing practice for the quality of their work and their compliance with professional standards and （b） include partner performance peer evaluations. Establish

19、ing a compensation system that provides incentives to accounting and auditing partners and senior-level employees for the quality of their accounting and auditing work. 1.10 Policy 5: The firm devotes sufficient and appropriate resources for the development, communication, and support of its quality

20、 control policies and procedures. Multi-Office CPA Firm implements this policy through the following procedures: Providing the designated quality control partner with sufficient time, authority, and resources to develop, implement, and maintain the firms quality control policies and procedures Provi

21、ding the firms quality control documentation to personnel when they are initially hired and reviewing the documentation with them Reviewing the firms quality control policies and procedures with personnel at firm training sessions at least annually RELEVANT ETHICAL REQUIREMENTS 1.11 The objective of

22、 the relevant ethical requirements element of a system of quality control is to provide the firm with reasonable assurance that the firm and its personnel comply with relevant ethical requirements when discharging professional responsibilities. Relevant ethical requirements include independence, int

23、egrity, and objectivity. Multi-Office CPA Firm satisfies this objective by establishing and maintaining the policies and procedures described in paragraphs 1.121.16. 1.12 Policy 1: Personnel adhere to relevant ethical requirements such as those in regulations, interpretations, and rules of the AICPA

24、, state CPA societies, and state boards of accountancy, statutes, the U.S. Government Accountability Office （GAO）, and any other applicable regulators. Multi-Office CPA Firm implements this policy through the following procedures: Assigning one of its partners the responsibility of responding to que

25、stions, resolving matters, and determining the circumstances for which consultation with sources outside the firm is required for matters related to independence, integrity, and objectivity Identifying circumstances for which documentation of the resolution of matters is appropriate Maintaining a cu

26、rrent list of all entities with which firm personnel are prohibited from having a financial or business relationship and all activities in which the firm is prohibited from engaging, as defined in the firms independence policies Establishing clear and concise written independence guidance covering r

27、elationships and activities that impair independence, including but not limited to investments, loans, brokerage accounts, business relationships, employment relationships, and fee arrangements 1.13 Policy 2: The firm establishes procedures to communicate independence requirements to firm personnel

28、and, where applicable, others subject to them. Multi-Office CPA Firm implements this policy through the following procedures: Having the managing partner （through e-mails, letters, or recordings） emphasize the concepts of independence, integrity, and objectivity in the firms professional development

29、 meetings, in the acceptance and continuance of clients and engagements, and in the performance of engagements. Because Multi-Office CPA Firm has a concentration of financial institution clients, this also includes discussing the applicability of these concepts to engagements for financial instituti

30、ons, such as the prohibition against any member of the engagement team having a “non-grandfathered” loan with the institution, and the types of notates services that could affect independence. Requiring periodic independence and ethics training for all professional personnel. Such training covers th

31、e firms independence and ethics policies and the independence and ethics requirements of all applicable regulators. Providing frequent reminders of professional responsibilities to personnel, such as avoiding behavior that might be perceived as impairing their independence or objectivity. Informing

32、personnel on a timely basis of those entities to which independence policies apply by doing the following: Preparing and maintaining a list of entities with which firm personnel are prohibited from having a financial or business relationship Making the list available to personnel so they may evaluate their independence （including personnel new to the firm or an office） Notifying personnel of changes in the list Examples of prohibited activities include pr