SQMS No. 2, Engagement Quality Reviews, addresses the appointment and eligibility of the engagement quality reviewer and performance of engagement quality reviews.
SQMS No. 2 only applies when the firm decides that an engagement quality (EQ) review is an appropriate response to a quality risk. SQMS No. 2 addresses the appointment and eligibility of the engagement quality reviewer and performance of engagement quality reviews:
Eligibility requirements for EQ reviewers
Consider threats to objectivity but no cooling-off period required
Sufficient