The Institute of Chartered Accountants of Pakistan

Quality Control Review (QCR) Program


Framework (Revised)
This document describes the framework encompassing objectives, responsibilities and functions of Quality Assurance Board (QAB) and policies, procedures and process of quality control review established by the Institute of Chartered Accountants of Pakistan ("the Institute").

1.	Preamble
2.	Objectives
3.	Responsibilities and Functions of Quality Assurance Board
4.	Definitions
5.	Selection of audit engagements
6.	Review
7.	Review Conclusion
8.	Satisfactory QCR Rating
9.	QCR Revisits
10.	Withdrawal of Satisfactory QCR Rating
11.	Reference to Investigation Committee
12.	Confidentiality and Independence
13.	Date of issue and effective date

Roundtable Meeting on Quality Control Standards click here for detail

International Standards on Quality Control click here for index

Audit Compliance Review Checklist (ACR) (PDF Format )

Audit Practices Manual [Revised] Volume I / Volume II

Circulars issued by QCR Directorate click here for index

Workshop for Trainee Students of SMPs click here for index

Firms Interested In Networking click here for detail

How to Avoid an Unsatisfactory Quality Control Review Rating Artcile by Muhammad Asif Iqbal - Director PSC & E ICAP click here to download in PDF Format

The Securities and Exchange Commission of Pakistan (SECP)
has directed companies listed on all stock exchanges to appoint only those audit practices,
which have a satisfactory QCR rating, as their auditors.

To see List of Audit Firms with satisfactory QCR Rating click here