Hot File Audit Quality Review

When might you need a hot file review?

• If you have high risk or technically challenging audit assignments.
• To safeguard against significant ethical threats.
• Compliance with restrictions placed upon your firm by your regulator.

A hot file review features a detailed review of the accounts and audit working papers before the file has been fully signed off.

The purpose of such a review is to identify any key issues which need to be addressed before final completion.

A hot file review can be provided either at your office or sent in direct to us for review.

The benefit of a visit at your office is that we provide an invaluable face to face debrief meeting summarising the main findings and identifying any essential training needs. Depending on the size and complexity of the assignments we can review more than one single entity in the day.

Files reviewed at our office also include a telephone call at the end of the review but provide you with more flexibility to organise your day and client appointments.

You will receive a comprehensive written report identifying any weaknesses as well as the key matters for you to address before the audit opinion is issued.