Statement on the Effectiveness of the System of Quality Management of 乐鱼（Leyu）体育官网 as at 30 September 2023
As required by the International Auditing and Assurance Standards Board (IAASB)’s International Standard on Quality Management (ISQM1), and 乐鱼（Leyu）体育官网 International Limited Policy, 乐鱼（Leyu）体育官网 in Macau (the “Firm” or “乐鱼（Leyu）体育官网”) has responsibility to design, implement and operate a System of Quality Management for audits or reviews of financial statements, or other assurance or related services engagements performed by the Firm. The objectives of the System of Quality Management are to provide the Firm with reasonable assurance that:
a) The Firm and its personnel fulfill their responsibilities in accordance with professional standards and applicable legal and regulatory requirements, and conduct engagements in accordance with such standards and requirements; and
b) Engagement reports issued by the Firm or engagement partners are appropriate in the circumstances.
乐鱼（Leyu）体育官网 International Limited has quality management policies and procedures that all 乐鱼（Leyu）体育官网 member firms have agreed to comply with and aim to support the consistent performance of quality engagements. See for further details.
Integrated quality monitoring and compliance programs enable 乐鱼（Leyu）体育官网 to identify and respond to findings and quality deficiencies both in respect of individual engagements and the overall System of Quality Management.
If deficiencies are identified when 乐鱼（Leyu）体育官网 performs its annual evaluation of the System of Quality Management, 乐鱼（Leyu）体育官网 evaluates the severity and pervasiveness of the identified deficiencies by investigating the root causes, and by evaluating the effect of the identified deficiencies individually and in the aggregate, on the System of Quality Management, with consideration of remedial actions taken as of the date of the evaluation.
Based on the annual evaluation of the Firm’s System of Quality Management as of 30 September 2023, the System of Quality Management provides the Firm with reasonable assurance that the objectives of the System of Quality Management are being achieved.
Ieong Lai Kun
Senior Partner
乐鱼（Leyu）体育官网, Macau (SAR)
30 November 2023