ISQM 2 — Engagement quality reviews
Appointment and eligibility of engagement quality reviewers and the performance and documentation of reviews.
- Issued by
- IAASB
- Applies in
- Global standards
- Edition
- effective 15 December 2022
- Area
- Audit & assurance quality
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- APPAppointment and eligibility of EQ reviewersReviewer
- PERFPerformance of the engagement quality reviewReview
- DOCDocumentation of the reviewRecords
How Amoreg keeps you on it.
Enable the ISQM 2 — Engagement quality reviews and add IAASB’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 3 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read IAASB’s pages
- Check the library against 3 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: appointment and eligibility of EQ reviewers
- Rule
- ISQM 2 — Engagement quality reviews, APP
- Area
- Reviewer
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- FRC Ethical StandardIntegrity, objectivity and independence requirements for UK statutory auditors.United Kingdom · 5 controls
- FRC Audit Firm Governance CodeGovernance expectations for firms auditing public interest entities, including independent non-executives.United Kingdom · 5 controls
- PCAOB QC 1000 — A Firm's System of Quality ControlThe PCAOB's risk-based quality control standard for firms auditing US issuers and broker-dealers.United States · 6 controls
- Sarbanes-Oxley Act — Section 404 & COSOManagement assessment and auditor attestation of internal control over financial reporting.United States · 4 controls
Also in Global standards
- FATF RecommendationsThe 40 Recommendations — the international standard every national AML/CFT/CPF regime is measured against.Global · 8 controls
- Wolfsberg Group StandardsIndustry standards for correspondent banking, the CBDDQ/FCCQ questionnaires and effectiveness-based AML programmes.Global · 4 controls
- ISO 37001 — Anti-bribery management systemsRequirements for establishing, implementing and improving an anti-bribery management system.Global · 6 controls
- ISO 37301 — Compliance management systemsThe certifiable standard for a compliance management system across all obligations.Global · 6 controls
- ISO/IEC 27701 — Privacy information managementThe stand-alone PIMS standard (October 2025 edition), no longer dependent on ISO/IEC 27001.Global · 5 controls
- ISO/IEC 27001 — Information security managementThe certifiable ISMS standard; Annex A controls per ISO/IEC 27002:2022.Global · 9 controls
Questions
Does Amoreg watch for changes to the ISQM 2 — Engagement quality reviews?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the ISQM 2 — Engagement quality reviews?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records effective 15 December 2022. Editions were last verified in August 2026, and the Monitor records new publications as they appear.