You are required to summarise, IN YOUR OWN WORDS, the requirements and the key highlights
of ANY ONE of the following pronouncements published by AUASB:
• Framework for Assurance Engagements
• ASQC 1: Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and
Reviews of Financial Reports and Other Financial Information, Other Assurance
Engagements and Related Services Engagements
• ASA 220: Quality Control for an Audit of a Financial Report and Other Historical
Financial Information
• ASA 315: Identifying and Assessing the Risks of Material Misstatement through
Understanding the Entity and Its Environment
The maximum length for the essay is 1,000 words. You should address all the key requirements in
the essay, followed by a Reference List.