Audit Compliance Review & ISQC 1 Quality Control Reviews | PCP - Consultants & Training for Accountancy Practices - Services


PCP provides training and
consultancy for accountancy
practices worldwide
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Audit Compliance Review & ISQC 1 Quality Control Reviews

The number of financial reporting and auditing standards along with the expected level of compliance are constantly increasing. This imposes a greater burden on accountancy practices that are competing to provide cost-effective audits while maintaining full compliance with audit regulation and standards.

We can assist accountancy practices to ensure that compliance issues are dealt with, while at the same time providing a cost-effective audit for clients.

We can conduct the audit compliance review or ISQC 1 review on your behalf, enabling you to comply with the audit regulation requirement for an annual review. The review will consider whole-firm procedures on audit matters, and the quality and cost-effectiveness of audit files. During the course of the review, we will de-brief partners and staff as necessary. We will then follow-up with a detailed report.

Areas of particular concern will be highlighted to you by way of specific recommendations on key areas where improvement is necessary.

The report will include comments and suggestions on the following areas:

A comprehensive set of notes on each audit file reviewed will be included as an appendix to the report.

We can follow up our visit with a specific training session for the partners and staff on any areas of weakness.