The provided text is an excerpt from a chapter on **Quality Control** in advanced auditing, assurance, and professional ethics, focusing heavily on two key standards: **Statement on Quality Control Standard 1 (SQC 1)** and **Standard on Auditing 220 (SA 220)**. SQC 1 establishes the requirements for a firm-wide system of quality control across all assurance and related service engagements, emphasizing elements like ethical requirements, human resources, and monitoring, while SA 220 specifically outlines the quality control responsibilities of the **engagement partner** for individual audits of financial statements. The material uses a running case study of an auditor experiencing lapses in quality control to illustrate the **importance of a robust system**, and it details the **key differences and relationship** between SQC 1 and SA 220. Finally, it outlines the regulatory **mechanisms for quality review**, such as the Peer Review Board, Quality Review Board, and the National Financial Reporting Authority (NFRA).

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1. Quality Control in Audit and Assurance

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1. Quality Control in Audit and Assurance