Audit Quality Control Review Objectives

Audit Quality Control Review Objectives

Audit quality control review is basically performed for following objectives. Audit quality control review is performed by a person have sufficient qualification and experience.

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

Audit reviewer also evaluates the conclusion drawn by the audit team based on the significant judgment. Reviewer ensures that conclusion drawn is appropriate in the circumstance and based on the audit evidence.

Audit Quality Control Review Timing

Audit quality control review is performed on or before the audit report, as one of the primary objectives of audit quality control review is to ensure that audit opinion expressed by the auditor is appropriate, and supported by the appropriate judgment and conclusion.