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1. Leadership responsibilities for quality within the firm – The firm shall establish policies and procedures designed to promote an internal culture recognizing that quality is essential in performing engagements. Such policies and procedures shall require the firm’s management to assume ultimate responsibility for the firm’s system of quality control.
2. Relevant ethical requirements – The firm shall establish policies and procedures designed to provide it with reasonable assurance that the firm and its personnel comply with relevant ethical requirements.
3. Acceptance and continuance of client relationships and specific engagements – The firm shall establish policies and procedures for the acceptance and continuance of client relationships and specific engagements.
4. Human resources – The firm shall establish policies and procedures designed to provide it with reasonable assurance that it has sufficient personnel with the necessary competence, capabilities, and commitment to ethical principles.
5. Engagement performance – The firm shall establish policies and procedures designed to provide it with reasonable assurance that engagements are performed in accordance with professional standards and applicable legal and regulatory requirements.
6. Monitoring – The firm shall establish a monitoring process designed to provide it with reasonable assurance that the policies and procedures relating to the system of quality control are relevant, adequate, and operating effectively.
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