Abstract:
The International Auditing and Assurance Standards Board (IAASB) has finalized new standards for audit quality control, one of which discloses the provisions of quality management in auditing financial statements. The purpose of this article is to analyze the changes that have been made by the International Standards on Auditing Board in order to improve the quality of auditing, namely in International Standard on Auditing (ISA) 220 Quality control for an audit of financial statements. The article examines the components of the audit firm's quality control system, while paying attention to two new components in the audit firm's quality control system. In conclusion, proposals are made for improving the quality control system of an audit firm, taking into account changes in International Standards on Auditing (ISA). JEL: М42.
Description:
LAPIȚKAIA, Liudmila. Quality management in conducting an audit of financial statements. In: Sustenabilitatea: îmbunătățirea produselor destinate consumatorilor și planetei [online]: simp. șt.-practic dedicat Zilei mondiale a calităţii, ed. a 7-a, 11 noiembrie 2021. Chişinău: ASEM, 2021, pp. 113-118. e-ISBN 978-9975-155-58-8.
