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Homework answers / question archive / The objective of the auditor is to implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that: – The audit complies with professional standards and applicable legal and regulatory requirements; and – The auditor's report issued is appropriate in the circumstances

The objective of the auditor is to implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that: – The audit complies with professional standards and applicable legal and regulatory requirements; and – The auditor's report issued is appropriate in the circumstances

Accounting

The objective of the auditor is to implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that: – The audit complies with professional standards and applicable legal and regulatory requirements; and – The auditor's report issued is appropriate in the circumstances.' (ISA 220 Quality Control for an Audit of Financial Statements).

Required: Describe the nature, and explain the purpose of quality control procedures appropriate to the individual audit. (20 Marks)

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