QCR Program is a key part of the Institute’s regulatory framework, established to develop and maintain compliance of professional standards amongst the firms engaged in the audit of limited companies particularly listed entities, as the Code of Corporate Governance requires that a satisfactory QCR rating is mandatory for CA firms to conduct audit of listed companies.

The primary objective of the QCR process continues to be monitoring the compliance by audit firms with appropriate levels of professional standards in the performance of the audit function. The secondary objective is to provide guidance to practitioners to assist them to improve their standards.