Proposed ISQM 2 relates to what used to be called ‘engagement quality control reviews’ but are now called ‘engagement quality reviews’. There will be concerns about whether a completely new standard is really needed, as well as worries about the much greater extent to which the proposals require the reviewer to challenge the engagement partners’ judgments than previously. In the past, reviews have sometimes focused on process at the expense of assessing the quality of judgments.

Anoth