Yes, firmwide reports are shared with the CAI Professional Standards team, or other relevant RAB. The purpose of sharing the reports is to allow the Professional Standards team to understand any firmwide issues arising which may impact on their selections and/or procedures in relation to QA of non-PIE audits. The information is shared on condition that the Quality Assurance Committee and other non CAI employees, which includes practitioners, do not have access to the reports or extracts thereof. The Committee may be informed that the report has been shared and that it has impacted on the Professional Standards inspection approach. For any future entrants to the PIE market who may be members of other RABs, the structures of those RABs will be reviewed and similar safeguards considered. The reports are also used by CAI staff in performing their legislative functions of approval and registration of auditors and audit firms.
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Home » Are reports shared with CAI Professional Standards? If so, for what purpose and what safeguards are in place?
Other news
-
Letter issued to CEOs of RABs regarding approval of statutory auditors as Sustainability Assurance Service Providers prior to 1 January 2026
IAASA issued a letter…
-
Reminder Closing Date 08/12/23 – Vacancies on the Technical Advisory Panel of the Irish Auditing and Accounting Supervisory Authority
The Irish Auditing and Accounting…
-
Career opportunities in IAASA
IAASA is seeking to…
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IAASA wants to hear your views!
IAASA has launched a…