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Enhancing Audit Quality Practice Aid 

The AICPA recently launched its Enhancing Audit Quality initiative to assist practitioners in maintaining and improving audit excellence. As part of the initiative, the Institute is pleased to provide an e-version of the Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm’s Accounting and Auditing Practice, at no charge.

This publication is designed to help CPAs better understand and apply Statement on Quality Control Standards (SQCS) No. 8, A Firm’s System of Quality Control (Redrafted) (AICPA, Professional Standards, QC sec. 10). SQCS No. 8 is included as appendix A of this Practice Aid.

The complete Practice Aid presents four hypothetical firms:

  • a multi-office firm;
  • a single-office firm;
  • a sole practitioner; and
  • a firm organized in an alternative practice structure.

The Practice Aid outlines the quality control policies and procedures each firm implements to establish and maintain its system of quality control. Condensed versions of the Practice Aid for multi-office firms, single office firms and sole practitioners are also available, to meet your firm’s needs. Each condensed version features one hypothetical firm. Note that sole practitioners who perform audit and examination engagements should refer to both the sole practitioner and the single office firm version.

Reviews of the Practice Aid have been very positive, with practitioners praising it as “clear and concise” and “an excellent source” of sample quality control policies and procedures “that are very helpful.”

AICPA encourages individuals to use the materials in developing their own system of quality control and as such we grant users permission to copy and incorporate portions of the work as necessary. This permission is for internal use only except for educational purposes. The materials or any portion thereof may not be incorporated into a for-sale work or otherwise distributed without separate written permission from the AICPA.

 Download the entire Practice Aid.
 Download the modified Firm with Multiple Offices Practice Aid.  Download the modified Firm with a Single Office Practice Aid.  Download the modified Sole Practitioner Practice Aid.

Copyright © 2006-2016 American Institute of CPAs.