With ACCA you have to complete an extremely detailed “root cause analysis”. This can be a difficult and very time consuming exercise.
With ICAEW’s Quality Assurance Directorate (QAD), it involves outlining what action you will take in respect of the recommendations raised, how deficiencies will be addressed and avoided in the future.
With other Professional Bodies it often involves drafting an action plan for the next few years that will ensure that the weaknesses found on your audit files are rectified.
How you draft your replies or action plan will have a very material effect on the outcome of your visit. If the Regulator does not like your action plan they are unlikely to close off the visit.
At PCP we have many years of experience in helping practitioners draft their responses to Regulators.
The price for this service is a flat fee of £399 (plus VAT in the UK).
Please note that the fee quoted only covers the responses and action plan. Any subsequent consultancy work will be charged for separately.
Please contact Michael at Michael@pcplimited.com to discuss your requirements.