QUALITY

OBJECTIVE

The Quality Committee (“QC”) is responsible for the provision of internal and external quality oversight for CIIPA. The Public Accountants Law (“PAL”), and related rules, policies and regulations must be observed and in turn monitoring the integrity and reputation of CIIPA.

“Internal Quality” is defined as adherence by CIIPA to the Public Accountants Law (PAL), and related rules, policies and regulations. It aims at ensuring CIIPA’s activities are consistent with the PAL and related rules, policies and regulations, and in turn monitoring the integrity and reputation of CIIPA.

“External Quality” relates to the firms and practitioner members and oversight of the Quality Assurance Review System.

STRUCTURE

The QC reports to the CIIPA Council. The QC is comprised of at least two members of Council, one of whom will chair the Committee and other representatives from the membership as the Council may determine. It appoints independent firms to conduct firm visits for the external quality reviews. QC may engage an independent party to conduct the internal quality program.

PROCESS

The QC meets at least quarterly to oversee and initiate the key processes as set out in the Quality Handbook and Internal Quality Program.

Other relevant ad hoc requests and tasks may also determine the meeting schedules.

The resolutions of the QC require approval of Council and will be put forth and presented to Council by the Chair of the QC.

RESPONSIBILITIES

• Address all matters concerning CIIPA’s Quality Assurance Review System, in particular to:
  
• Communicate with related bodies (AOA, CIMA)
  
• Ensure Quality Handbook is reviewed and amended as necessary
  
• Oversee relations with Firms
  
• Tri-annually approve Review Body
  
• Research and advise Council and other committees regarding applicable quality standards
  
• Annually review and assess QARS reports
  
• Oversee the day to day management of QARS and relationships
  
• Approve Internal Quality Program and oversee the process annually