membership requirements for cpa firms to（会员要求会计师事务所）.pdfVIP

Membership Requirements for CPA Firms To be eligible for membership in the Governmental Audit Quality Center, a firm must: 1 1. Designate an audit partner to have firm-wide responsibility for the quality of the firm’s governmental audit 2 practice. (Effective at admission date.) 2. Have all audit partners of the firm residing in the United States and eligible for AICPA membership must be 3 members of the AICPA. (Effective at admission date.) 3. Require the audit partner designated with firm-wide responsibility for the quality of the firm’s governmental audit practice (see 1. above) to meet the continuing professional education (CPE) requirements of Government Auditing Standards, even if that partner would not otherwise be subject to those CPE requirements. (Effective at admission date.) 4. Require the audit partner designated with firm-wide responsibility for the quality of the firm’s governmental audit practice (see 1. above) to participate in an annual center sponsored webcast on recent developments in 4 governmental auditing. (Effective at admission date.) 5. Establish policies and procedures specific to the firm’s governmental audit practice to comply with the applicable professional standards and center-membership requirements. These policies and procedures must be documented and appropriately communicated. (Effective within six months of a firm’s admission date.) 6. In addition to meeting the quality control standards requirement for monitoring, establish annual internal inspection procedures that include a review of the firm’s governmental audit practice by individuals possessing current experience and knowledge of the accounting and auditing practices specific to 5 governmental audits. The engagements inspected should be representative of the firm’s gove