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SubscribePCAOB Continues Efforts To Help Firms With Implementation of New Quality Control Standard With Release of Additional Staff Videos
The PCAOB has posted a new set of staff presentation videos designed to help firms implement four areas of their quality control (QC) system under QC 1000, A Firm’s System of Quality Control.
Led by staff in the PCAOB’s Office of the Chief Auditor, the presentations are the latest in a series of videos aimed at assisting firms with the implementation of QC 1000. They cover the following topics:
Roles and responsibilities – Covers the requirements involving the assignment of roles and responsibilities within the firm’s QC system.
Ethics and independence – Covers the firm and individual responsibilities under ethics and independence requirements applicable for engagements performed under PCAOB standards.
People resources – Covers the firm’s responsibilities when employing people resources to the design, implementation, and operation of the firm’s QC system.
Technological and intellectual resources – Focuses on the firm’s responsibilities when employing technological and intellectual resources in the design, implementation, and operation of the firm’s QC system.
Additional implementation-related videos, resources, and tools can be found on the Implementation Resources for PCAOB Standards and Rules page. Additionally, firm personnel with questions about implementing the new QC standard can contact PCAOB staff via our website or by phone at (202) 591-4395.