The AICPA has longstanding and well-established principles of quality control (QC) regarding a firm’s accounting and auditing practice. These principles recognize six elements that are equally applicable to the foundation of a QC system for a firm’s tax practice.
The six elements of QC are:
Leadership responsibilities for quality within the firm
Relevant ethical requirements
Acceptance and continuance of client relationships and specific engagements
Human resources
Engagement performance
Monitoring