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QC Section 10. A Firm’s System of Quality Control. (Supersedes SQCS No. 7.) Source: SQCS No. 8; SAS No. 122; SAS No. 128. Effective date: Applicable to a CPA firm's system of quality control for its accounting and auditing practice as of January 1, 2012. Introduction. Scope of This Section.
Exhibit—Comparison of Section 10A, A Firm’s System of Quality Control (Redrafted), With International Standard on Quality Control 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements.
Effective Dec 15, 2025, firms are required to establish a system of quality management in compliance with the new quality management standards. Download the System of Quality Management Practice Aids.
by QC section 10, A Firm’s System of Quality Control (AICPA, Professional Standards). A firm’s system of quality control consists of policies designed to achieve the objectives of the system, and the procedures necessary to implement and monitor compliance with those policies.
SQCS No. 8 supersedes QC section 10 in AICPA Professional Standards.
The new QM standards represent a significant change in how CPA firms will approach audit and assurance quality in the future, moving from a policies-based approach to a risk-based approach.
This Quality Control Document covers the Firm’s policies with respect to its accounting and auditing practice within the six broad elements of quality control specified by SQCS No. 8 issued by the American Institute of Certified Public Accountants.
