Audit compliance reviews are an evaluation of your firm's compliance with audit regulations.
The review includes an assessment of office procedures including acceptance and reappointment, independence, fit and proper, skills and competence, consultations and PII. You may have been requested by your monitoring body to complete a specific checklist to assess compliance with the audit regulations, for example the ICAEW’s ‘Whole firm audit compliance review checklist’, which we can assist with as part of this review.
This work can be completed at your firm's office and includes a face to face de-brief meeting. This meeting highlights the key points from the review as well as the recommended actions to take.
Alternatively, the review can also be completed remotely. This includes a video de-brief given via Microsoft Teams.
You will receive a comprehensive written report. This will offer key practical recommendations for you to improve audit quality. Where necessary, the report will highlight areas where compliance with the audit regulations can be improved.
This review can be combined with a cold file audit quality review.
Price available on application.
Mercia Members receive a 10% discount.
Prices quoted are subject to VAT and expenses.