The Workshop in Berlin was attended by 63 participants from 20 of the 22 IFIAR member countries, thus contributing to IFIAR’s overall goal of enhancing audit quality internationally through sharing practical experience of independent audit regulatory activity.
The Workshop built on the more general overview given in the first workshop by covering selected elements of audit firm inspection in more detail. It first addressed topics related to whole-firm inspections and included leadership, strategy and culture, independence and ethics and client acceptance and continuance. It then moved on to topics related to audit file reviews and included risk-based selection and review of issuer audit engagements. The Workshop also discussed issues relevant to performing inspections in the current market environment.