Statements on Quality Control Standards (SQCSs) were issued by the Auditing Standards Board (ASB) until the ASB renamed the standards with the issuance of Statement on Quality Management Standards Nos. 1 and 2 in 2022.
Firms that are enrolled in an AICPA-approved practice-monitoring program are obligated to adhere to quality control standards established by the AICPA.
The following section includes the quality control standard that is current as of October 2022, in codified format.
QM section 10A, A Firm’s