PART II: BY-LAWS ON PROFESSIONAL CONDUCT AND PRACTICE

Section 550 Quality Assurance and Practice Review

Quality Assurance
550.1 Every member in public practice is required to ensure that his or her firm complies with all relevant professional standards for the purposes of assurance as to the quality of the public practice services provided by the firm whether through that member, his or her partner(s) and/or employees. In doing so, every member in public practice has to ensure that the firm adopts and applies policies and procedures designed to maintain adherence to professional standards.
550.2 The professional standards required to be maintained, observed and applied by a member in public practice to the extent applicable to the type of public practice services provided by that member or the firm, include:
(a) all standards and statements of professional conduct and ethics in the form of the Institute’s By-Laws in issue from time to time;
(b) all approved standards whether issued by the Council or otherwise, and all guidelines, statements and/or circulars of best practices issued or prescribed by the Council and/or the Institute from time to time.