IRBA Rules Arising from the ISQM

The IRBA has prescribed the IRBA Rules arising from the ISQM, dealing with the following topics.

Rule 1: Ultimate responsibility and accountability for the system of quality management

Rule 2: Transparency reports for firms that audit financial statements of publicly traded entities

Rule 3: Engagement quality reviewer (EQR) and an assistant to an EQR

Rule 4: Assembly and retention of audit documentation.

Recent Articles

Newsletter May2024

Property Practitioners: Payment Processing Agents Many property practitioners make use of payment processing agents. Payment processing agents meet the definition of a service organisation, and should be evaluated by the [...]