ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information requires policies and procedures including:
A) ethical requirements (including independence).
B) acceptance and continuance of client relationships and specific engagements.
C) leadership responsibilities for quality on audits.
D) all of the above

Question

Quizplus · Accepted Answer

ASA 220 requires all three policies and procedures - ethical requirements, acceptance and continuance of client relationships and specific engagements, and leadership responsibilities for quality on audits. These policies are essential in ensuring the quality of the audit of a financial report and other historical financial information.