ISSAI - 140 - Quality Control for SAIs

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Summary

ISSAI 140 is based on the key principles in the “”International Standards on Quality Control, ISQC-1″” of the International Federation of Accountants (IFAC) and was adapted as necessary to apply to SAIs. It establishes an overall framework for quality control and outlines quality control measures that are relevant to achieving high quality in the public sector environment. The framework is designed to apply to the system of quality control for all the work carried out by an SAI.

The framework for an SAI’s system of quality control consists of the following:

1. Leadership responsibilities for quality within the SAI
2. Relevant ethical requirements
3. Acceptance and continuance of client relationships and specific engagements
4. Human resources
5. Engagement performance and
6. Monitoring

IFPP Category

INTOSAI Standards

Evolution

  • Formerly known as ISSAI 40
  • Endorsed in 2010
  • With the establishment of the INTOSAI Framework of Professional Pronouncements (IFPP), relabeled as ISSAI 140 with editorial changes in 2019