Final answer:
The procedure not typically performed as part of an engagement quality review is calling each board member to discuss potential fraud (option b). Engagement quality reviews focus on evaluating significant judgments made by the audit team, materiality assessments, and the adequacy of supervision and reviews.
Step-by-step explanation:
The procedure not performed as part of an engagement quality review is b. Call each board member to discuss the potential for fraud. An engagement quality review typically involves a thorough evaluation of significant judgments made by the audit team, including decisions about materiality, the treatment of misstatements, consideration of significant unresolved matters, and the adequacy of supervision and review within the audit engagement. Calling each board member independently to discuss potential fraud is not a standard part of the process, as communication of this nature would typically be the responsibility of the audit team and would not fall under the purview of an engagement quality reviewer.
The key components of an engagement quality review are: Evaluating materiality judgments, unresolved matters confirmation with the lead audit partner, and adequacy of supervision and reviews.