Audit Quality Control Review Objectives

Audit Quality Control Review Objectives

Audit quality control review is basically performed for following objectives.

1.    Judgment Evaluation

Significant judgment of audit team is objectively evaluated by the independent reviewer to ensure that judgment is appropriate in the circumstances. Judgment provides bases for the conclusion and conclusion provides bases for audit opinion.

2.    Conclusion Evaluation

Conclusion drawn by the audit team is also evaluated for appropriateness. Conclusion evaluation is important element because conclusion provides bases for audit reports.

Audit Quality Control Review Timing

Audit quality control review is performed on or before the audit report because basically it is done to ensure that audit opinion expressed by the auditor is appropriate and supported by the appropriate judgment and conclusion.