An individual performing an Engagement Quality Control Review (”EQCR”) role provides an objective evaluation of the significant judgements and conclusions reached on assurance engagements and the related report for these engagements cannot be issued until after the completion of the review. When an EQCR is required as a result of a firm’s practice review, this individual must be first approved by the Director, Practice Review.
When a firm initially engages an EQCR, they are required to obtain a signed EQCR confirmation, a copy of which is submitted to CPABC. For each engagement subject to an EQCR , the practitioner is required to submit a report to CPABC detailing the results of their review.
