What it does
Engagement quality review, item by item.
Required when your criteria say so
Engagements your firm's policies require an EQR for are set automatically. Where the file shows another trigger, the engagement partner must decide, and the decision is recorded with their name and date.
Nominated, then appointed
The engagement partner nominates a reviewer with a reason and a relationship declaration. Another partner appoints, rejects or appoints someone else. Neither the engagement partner nor the nominee confirms the appointment.
Eligibility checked
A reviewer who is the engagement partner, is on the engagement team, or was the engagement partner on the client's audit in either of the two previous periods is refused. A reciprocal review is flagged for the reviewer to address.
What the reviewer sees
The reviewer has read-only access to the file, the significant matters and judgements register, and their own EQR notes in the review threads.
The report waits for the review
Where an EQR is required, the auditor's report cannot be signed until it is complete. While the engagement partner's EQR decision is outstanding, the report cannot be signed or dated.
On the record
The requirement, the appointment, the eligibility conclusion, the review and its completion are kept with the engagement and go into the archive.
How it runs
From requirement to completed review.
Decide
The requirement is worked out from your firm's criteria and the file, and re-checked as the file changes, so a late modified opinion raises it then.
Appoint
The engagement partner nominates, another partner appoints, and the eligibility checks and declarations are recorded.
Review and complete
The reviewer reviews the significant judgements and the papers behind them, raises EQR notes, and completes the review before the report is signed.
The EQR is a person, every time.
Part of the Nebis audit workspace, a product of Nebis Technologies Pte. Ltd. (UEN 202646739Z)
Questions
What firms ask about it.
Who can be an engagement quality reviewer under SSQM 2? +
When is an engagement quality review required? +
Can the AI perform the engagement quality review? +
Can the auditor's report be signed before the EQR is complete? +
See an EQR run on a sample engagement.
A walkthrough of the requirement, the nomination and appointment, the reviewer's view and the sign-off block.