IAASB has once again revamped the Quality Management Standards (ISQM 1 and ISQM 2) for the assurance engagements which are applicable from December 15, 2023. Chartered Accountant firms are required to comply with the abovementioned quality standards where
Chartered Accountant firms are engaged in the audits of the financial statements of Listed Companies, or
Other audit engagements where quality reviews are mandatory as per applicable laws and regulations. Or
Where audit firm determines that quality reviews is necessary to address quality issues
Our senior partners have extensive experience of audit and assurance services specifically in financial and assurance sector and therefore they can be engaged as ‘Independent Engagement Quality