• ssqc-1

Elements of SSQC 1 Relevant Ethical Requirements

For a public accounting firm, adherence to the ethical requirements of auditing and accounting profession is one of the fundamental principles to its provision of high quality services. Aligned with this principle, the element of “Relevant Ethical Requirements” under Singapore Standard on Quality Control 1 (SSQC 1) Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements requires the firm to establish policies and procedures to provide the firm with reasonable assurance that the firm and its personnel comply with the requirements on ethics, in particular, the Code of Professional Conduct and Ethics under the Fourth Schedule of Accountants (Public Accountants) Rules (the Code).
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