Regulatory Alerts2021-02-15 | https://aifc.kz/legal-framework/self-assessment-of-internal-quality-control-monitoring-program/Self-assessment of internal quality control monitoring program
Issued by a regulatory body in Nur-Sultan, Kazakhstan, on February 5, 2021, this document provides a self-assessment form for firms to review their internal quality control monitoring programs. It requires firms to demonstrate compliance with ISQC 1 standards by detailing their monitoring processes, staffing assignments, and procedures for evaluating and remedying identified deficiencies. The form mandates the documentation of how firms handle systemic issues, communicate results to engagement partners, and retain monitoring records to ensure adherence to professional and legal requirements.
Share