Summary of Key CSQC 1 Requirements

A summary of the CSQC 1 requirements can be downloaded here to help you better understand the monitoring requirements. Note that firms might implement additional internal quality control processes, such as second partner reviews, as part of their risk mitigation strategy or the firm’s internal assessments of partners and staff.  We remind all practitioners that the practice inspections conducted by the provincial CPA body do not constitute a substitute for any of the requirements of CSQC 1. Firms must have their own monitoring procedures in place in addition to these periodic inspections.