The PCAOB has posted a new set of staff presentation videos designed to help firms implement four areas of their quality control (QC) system under QC 1000, A Firm’s System of Quality Control.
Led by staff in the PCAOB’s Office of the Chief Auditor, the presentations are the latest in a series of videos aimed at assisting firms with the implementation of QC 1000. They cover the following topics:
- Roles and responsibilities: Covers the requirements involving the assignment of roles and responsibilities within the firm’s QC system.
- Ethics and independence: Covers the firm and individual responsibilities under ethics and independence requirements applicable for engagements performed under PCAOB standards.
- People resources: Covers the firm’s responsibilities when employing people resources to the design, implementation, and operation of the firm’s QC system.
- Technological and intellectual resources: Focuses on the firm’s responsibilities when employing technological and intellectual resources in the design, implementation, and operation of the firm’s QC system.
Additional implementation-related videos, resources, and tools can be found on the Implementation Resources for PCAOB Standards and Rules page.