As part of the AICPA’s Enhancing Audit Quality initiative, the Institute developed the AICPA Audit and Accounting Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm’s Accounting and Auditing Practice. The Practice Aid is intended to help practitioners better develop the policies and procedures that comprise a firm’s system of quality control, as required by QC section 10, A Firm’s System of Quality Control (AICPA, Professional Standards).
The Practice Aid is offered to AICPA members at no charge and is available in two versions: one for small and medium sized firms and another for sole practitioners. Each practice aid contains easily customizable illustrative policies and procedures and includes tips, warnings and reminders to help practitioners better implement the quality control policies and procedures. They are designed to assist practitioners in maintaining and improving audit excellence.