AUD — Quick Sheet
Engagement Acceptance & Quality Management
Read time: ~5 minutes
One-minute revision
- Preconditions: acceptable framework + management acknowledges its responsibilities
- Successor must initiate contact with predecessor before accepting — needs client permission
- Engagement letter: objective/scope, auditor & management responsibilities, framework, expected report form
- SQMS No. 1 (effective Dec 15, 2025): risk-based, 8 components, annual evaluation of the system
- Firm-level = quality management; engagement-level = engagement partner's responsibility