If you are a Professional Accountant, you already know the importance of Quality Management and Quality Control in Accounting.
There are two aspects where Quality Management & Quality Control affect accountants:
a) Internal Operations of an Accounting Firm
b) Internal Operations of the Accounting Firms Audit or Non-Audit Clients
The main standards developed by the International Federation of Accountants (IFAC), Independent Standard-Setting Boards, including The International Auditing and Assurance Standards Board IAASB and The International Ethics Standards Board for Accountants IESBA include:
- International Standard on Quality Control (ISQC 1), Quality Control for Firms That Perform Audits and Reviews of Financial Statements. (IAASB)
- International Standard on Auditing (ISA) 220 (Revised), Quality Control for an Audit of Financial Statements (IAASB)
- Responding to non-compliance with laws and regulations (NOCLAR) (IESBA)
Non-Compliance to Laws and Regulations (NOCLAR), the most recent of the standards has great implications for accountants and the MortgageQuote (MQCC) integrated Quality Management System (iQMS™) because it affects the ability for professional accountants to work with clients whose Top Leadership govern themselves in a statutory and regulatory compliant manner.
The MQCC iQMS™ module for accounting firms ensures that a Professional Accountancy firm operates in effectively in accordance with ISQC 1 and ISA 220 (R); and the Professional Accountancy firm's Audit and Non-Audit clients function in an ecosystem that is designed to function within the Non-Compliance to Laws and Regulations (NOCLAR) framework through middleware standards, systems, technology, products (goods) and services (methods) that integrate with the MQCC™ NOCLAR™ Trademark Brand Conformity Service Module; designed to allow Chief Executive Officers and Top Management to "SLEEP WELL AT NIGHT™".
Contact
info@mortgagequote.ca to learn more. or Visit:
www.NOCLAR.org. The global source for NOCLAR Framework and Certified Quality Management issues.
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