Engagement Partner Responsibilities in Quality Management System

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RapturousAntigorite9533
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5 Questions

What is the primary responsibility of the engagement team?

Implementing the firm's responses to quality risks applicable to the audit engagement

In addition to the firm's policies or procedures, what may the engagement team consider when determining responses at the engagement level?

Nature and circumstances of the audit engagement

What type of information does the engagement team communicate to the firm?

Information required by the firm's policies or procedures to support the design, implementation, and operation of the firm's quality management system

What is the basis for the firm's system of quality management (SQMs)?

The nature and circumstances of the audit engagement

Who is responsible for implementing the firm's responses to quality risks applicable to the audit engagement?

The engagement team, led by the engagement partner

This quiz assesses understanding of the responsibilities of the engagement team, particularly the engagement partner, in implementing the firm's responses to quality risks within the context of the quality management system. It references specific paragraphs in the standards.

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