Auditing Standards Board's Revised Quality Control Standards 

    In October 2007, the AICPA’s Auditing Standards Board (ASB) issued the AICPA’s Statement on Quality Control Standards (SQCS) No. 7, A Firm’s System of Quality Control, which was effective January 1, 2009.

    SQCS 7 supersedes and replaces all of the previously effective QC standards and applies to any practice that performs audits, reviews, compilations or other services covered by Rules 201 or 202 of the AICPA Code of Professional Conduct.

    Elements of a System of Quality Control for a Firm’s A&A Practice

    SQCS 7

    Superseded QC Standards

    Leadership responsibilities for quality within the firm


    Relevant ethical requirements (e.g. independence, integrity, objectivity, concern for the public interest)

    Independence, integrity and objectivity

    Acceptance and continuance of
    client relationships and specific engagements

    Acceptance and continuance of clients and engagements

    Human resources

    Personnel management

    Engagement performance

    Engagement performance



    Go to the Quality Control Standards page.

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