Hot file reviews and engagement quality control reviews are conducted prior to audit finalisation. They may be necessary as a result of a regulatory visit, an independence issue or merely to improve quality.
Hot file reviews can provide an important objectivity safeguard for many firms in the current climate. An Audit Hot Review can be completed for higher risk jobs, to satisfy regulators requirements, or as a safeguard against threats to independence and objectivity that cannot be dealt with adequately within the practice. A comprehensive report with action points to address before signing the audit report is produced.
We can help ensure that all issues pertaining to the client have been adequately dealt with before the audit report is signed.