Quality Control for Firms

APES 320 Quality Control for Firms (APES 320) is based on the International Standard on Quality Control 1 (ISQC1).

APES 320 requires firms to establish policies and procedures in respect of a firm’s quality control processes and specifies that the elements of quality control are leadership responsibilities for quality within the firm, relevant ethical requirements, acceptance and continuance of client relationships and specific engagements, human resources, engagement performance, monitoring and documentation.

This Standard will be replaced by APES 320 Quality Management for Firms that provide Non-Assurance Services from 1 January 2023.