A quality review is an engagement that needs to be carried out in a manner that ensures the work performed by the Quality Reviewer and the review team meet the professional standards established by the Institute. Explain

Yes, this statement is correct. It is of utmost importance to ensure that the quality in an assignment given by the Board remains priority for a Quality Reviewer. Factors affecting the quality of Quality Review: The quality of a Review is directly affected by factors such as: Knowledge and experience of the Quality Reviewer and his team Time devotion Composition of the Review team Understanding of the objective and scope of work Monitoring, direction and supervision of the Review team In fact, maintaining the quality in a Review as also the final report of the Review, is and remains the responsibility of the Quality Reviewer. Planning the Quality Review: A well planned review engagement ensures that a review is performed in an effective manner. It involves establishing the overall strategy for the review and developing the review plan. A well planned review helps the reviewer to: Devote appropriate attention to important areas of review; Identify and resolve problems on timely basis; Facilitate direction and supervision of the team members and their work. The nature and extent of the planning required for a review will vary according to the size of the PU, nature and complexity of the quality control system in PU and the engagements under review, the experience and competence of the review team and any changes that may occur subsequently in the circumstances of the review. The Reviewer should establish an overall review strategy that would set the scope, timing and direction of the Quality Reviewer, and guide the development of plan to conduct the quality review. In establishing the overall review strategy. The Reviewer needs to consider the following: (a) Characteristics of the review assignment that would determine the scope of the review, viz., evaluation of design and implementation of systems and evaluation of compliances; (b) Reporting objectives of the review, to plan the timing of the review and the nature of the communication required with the PU (c) Factors that, in the Reviewer's judgment, are significant in directing the review team's efforts; and (d) Ascertain the nature, timing and extent of resources necessary to perform the review assignment. Since quality review is essentially an "on-site" engagement, it is important that the on-site visit to the PU is also properly planned. This planning would include: Preparing the checklists of the activities during review process. Preparing a list of documents that would be required from PU for quality review. Coordinating with the PU as to the timing of the visit and the authorised coordinating person/s at PU so as to ensure minimum disruption to the PU.