[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-29923":3,"doc-seo-29923":21},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":4,"is_deleted":4,"is_public":19,"is_downloadable":19,"audit_status":19,"update_tm":20},29923,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","SA-220 Quality Control for an Audit of Financial Statements","This document outlines the requirements and guidance for engagement quality control reviews (EQCR) in accordance with standards such as SA-220. The objective is to ensure that audit of financial statements meet professional standards and regulatory requirements, and that the auditor's report is appropriate. Key aspects include understanding the scope of the standard, which deals with specific responsibilities for quality control procedures, and the objective of implementing quality control at the engagement level. It details that the audio complies with professional standards and legal requirements and that the auditor's report is appropriate. The document also defines an EQCR as a process to evaluate significant judgments made by the engagement team before the audit report is issued. It specifies who can conduct an EQCR, including persons other than the engagement partner, suitably qualified external persons, or a team led by an institute member. The engagement quality control reviewer is mandated to discuss significant matters with the engagement partner, review financial statements and the proposed audit report, examine selected documentation, and evaluate the conclusions reached in formulating the report. The document also addresses independence, requiring engagement partners to obtain relevant information from firms or network firms, evaluate information on identified breaches, and take appropriate actions to eliminate or reduce threats to independence, including promptly reporting inability to take appropriate action. For listed entities, the engagement partner is to be rotated every seven years, as per SOC 1.","cbCaiuzTLlovLzdR","https://ap.wps.com/l/cbCaiuzTLlovLzdR","pdf",2710812,1,1778284998,{"code":4,"msg":22,"data":23},"ok",{"site_id":24,"language":25,"slug":26,"title":13,"keywords":27,"description":14,"schema_data":28,"social_meta":62,"head_meta":64,"extra_data":66,"updated_unix":20},105,"en","sa-220-quality-control-for-an-audit-of-financial-statements","",{"@graph":29,"@context":61},[30,47],{"@type":31,"itemListElement":32},"BreadcrumbList",[33,37,41,44],{"item":34,"name":35,"@type":36,"position":19},"https://docshare.wps.com","Home","ListItem",{"item":38,"name":39,"@type":36,"position":40},"https://docshare.wps.com/document/","Document",2,{"item":42,"name":12,"@type":36,"position":43},"https://docshare.wps.com/document/research-report/",3,{"item":45,"name":13,"@type":36,"position":46},"https://docshare.wps.com/document/sa-220-quality-control-for-an-audit-of-financial-statements/29923",4,{"url":45,"name":13,"@type":48,"author":49,"headline":13,"publisher":51,"fileFormat":54,"description":14,"dateModified":55,"datePublished":55,"encodingFormat":54,"isAccessibleForFree":56,"interactionStatistic":57},"DigitalDocument",{"name":9,"@type":50},"Person",{"url":34,"name":52,"@type":53},"DocShare","Organization","application/pdf","2026-05-09",true,{"@type":58,"interactionType":59,"userInteractionCount":4},"InteractionCounter",{"@type":60},"ViewAction","https://schema.org",{"og:url":45,"og:type":63,"og:title":13,"og:site_name":52,"og:description":14},"article",{"robots":65,"canonical":45},"index,follow",{"doc_id":7,"site_id":24}]