AUDITING ASSIGNMENT
PLO-5
Note:
It is recommended to research and then write the answers in your own words, along with giving
some relevant examples, wherever possible. Good Luck.
Question-1:
i.
Referring to the International Standard of Auditing (ISA) 220, discuss the meaning of ‘a
System of Quality Control’.
ii.
Discuss the need and role of Quality Control Review (QCR) conducted locally by the
Institute of Chartered Accountants of Pakistan - ICAP.
Question-2:
Make a Comparative analysis of the Code of Ethics and conduct of the following Local and
International institutions:
[Tip: Try to find similarities, differences, and any points of focus in their codes].
i.
Local Professional bodies - Code of Ethics (choose one from this): ICAP or ICMAP
ii.
International Professional bodies - Code of Ethics (choose one): ACCA or CIMA or CFA.
Good Luck!