Quality Assurance Review Programme
The Quality Assurance Review (QAR) Programme aims to help Public Accountants improve the quality of their practices and audit engagements. Depending on the needs and preference of the firm and the Public Accountant, it can cover the following areas:
- Review of the firm's system of quality management for compliance with the Singapore Standards on Quality Management (“SSQM”) 1 Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements and SSQM 2 Engagement Quality Reviews.
- Review of the firm's internal policies, procedures and controls for compliance with the Ethics Pronouncement (EP) 200 Anti-Money Laundering and Countering the Financing of Terrorism - Requirements and Guidelines for Professional Accountants in Singapore.
- Review of the Public Accountant's engagement file(s) for compliance with the Singapore Standards on Auditing (SSAs).