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The primary objective of the QCR process is to monitor the compliance by audit firms with appropriate levels of professional standards in the performance of the audit function. QCR Program is an essential part of the Institute’s regulatory framework, established to develop and maintain compliance of professional standards amongst the firms engaged in the audit of limited companies particularly listed entities, as the Code of Corporate Governance requires that a satisfactory QCR rating is mandatory for CA firms to conduct audit of listed and economically significant companies.
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