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AICPA Statement on Quality Management Standards No. 3

Mar 06, 2023 · 331.4 KB Download

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SQMS No. 3, Amendments to QM Sections 10, A Firm’s System of Quality Management, and 20, Engagement Quality Reviews,

Amends QM sections 10 and 20 to conform certain terms to language used in SAS No. 149, Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors and Audits of Referred-to Auditors).
Provides guidance on differentiating between a resource and an information source.

SQMS No. 3 is effective concurrently with the effective dates provided in QM sections

Download the full text of SQMS No. 3

File name: sqms-3.pdf

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