Recommendation of Quality Control Policies and Procedures for Audit Engagement at PAF X (Medium-Sized Public Accounting Firm)

DOI

10.2991/apbec-18.2019.2How to use a DOI?

Keywords

policies; procedure; control; quality; standard

Abstract

This research aims to understand the impact of leadership responsibilities for quality within a firm with other elements of the international standard on quality control (ISQC) 1 and give recommendations to improve the compliance of quality control standard of public accounting firm X (PAF X) to ISQC 1. The research method used in this paper is a mixed method combining both survey and case study. The results of the survey were analyzed using square equation modeling (SEM) to test relationship among elements of ISQC 1. For the case study, current quality control standards of PAF X were compared to ISQC 1 for gap analysis. The result survey implies that leadership responsibilities for quality within the firm have a positive relationship with compliance to the relevant ethical requirements. Compliance to the relevant ethical requirementshas a positive relationship with other elements of ISQC 1 excluding human resources. The results of the case study approach include recommendations to PAF X to modify quality control policies and procedures by adding policies, procedures, and attachments for elements of PAF X quality control standard. Modified quality control standards of PAF X should be communicated to all personnel at PAF X. Policies and procedures regarding human resources must be emphasized since compliance with the relevant ethical requirements fails to encourage compliance to human resources policies and procedures.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Veridiana Veridiana
PY  - 2019/07
DA  - 2019/07
TI  - Recommendation of Quality Control Policies and Procedures for Audit Engagement at PAF X (Medium-Sized Public Accounting Firm)
BT  - Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)
PB  - Atlantis Press
SP  - 6
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/apbec-18.2019.2
DO  - 10.2991/apbec-18.2019.2
ID  - Veridiana2019/07
ER  -