Quality management of the SAI
The SAI has established policies and procedures for quality management covering all its work
Review of the SAI’s quality management and ethics policies to assess compliance with ISSAIs and whether the outcomes provide assurance that audits have been conducted in line with ISSAIs. Interviews with SAI staff.
The quality management policies clearly articulate a risk-based approach focused on achieving quality objectives
Review of the SAI’s quality management and ethics policies to assess compliance with ISSAIs and whether the outcomes provide assurance that audits have been conducted in line with ISSAIs. Interviews with SAI staff.
The quality management policies clearly articulate ultimate responsibility for quality in the SAI and day to day responsibility for quality management
Review of the SAI’s quality management and ethics policies to assess compliance with ISSAIs and whether the outcomes provide assurance that audits have been conducted in line with ISSAIs. Interviews with SAI staff.
The quality management policies clearly articulate the arrangements for engagement quality reviews (EQRs - hot reviews)
Review of the SAI’s quality management and ethics policies to assess compliance with ISSAIs and whether the outcomes provide assurance that audits have been conducted in line with ISSAIs. Interviews with SAI staff.
The quality management policies clearly articulate the monitoring and remediation arrangements, including the requirement for inspections (cold reviews) of audit engagements
Review of the SAI’s quality management and ethics policies to assess compliance with ISSAIs and whether the outcomes provide assurance that audits have been conducted in line with ISSAIs. Interviews with SAI staff.
The SAI has a code of ethics (or similar) aligned with the requirements of ISSAI 130 which is publicly available
Review of the SAI’s quality management and ethics policies to assess compliance with ISSAIs and whether the outcomes provide assurance that audits have been conducted in line with ISSAIs. Interviews with SAI staff.
The SAI regularly obtains from all personnel that are required to be independent written confirmation that they meet independence, objectivity and impartiality obligations
Review of SAIs data and records such as declarations of independence or declarations of conflicts of interests by staff involved in audit engagements.
Individual audit engagements were selected for EQR, with the results reported prior to the date/finalisation of the audit report
Review of the SAI’s EQR reports and inspection reports on completed engagement, or a summary quality report.
A sample of completed audit engagements across the range of work conducted by the SAI have been subject to review (inspections)
Review of the SAI’s EQR reports and inspection reports on completed engagement, or a summary quality report.
The EQRs and inspections reports state whether the audits have been conducted in accordance with auditing standards and if the results are consistent with the audit evidence
Review of the SAI’s EQR reports and inspection reports on completed engagement, or a summary quality report.
The SAI periodically seeks feedback from the audited entities about the quality of the audit process, including the professionalism of the audit team
Review of the SAIs survey results or other documents where feedback has been obtained from audited entities. Periodic feedback from audited entities is considered to be at least every two years.
The SAI periodically seeks feedback from the audited entities about the quality and relevance of its audit reports
Review of the SAIs survey results or other documents where feedback has been obtained from audited entities. Periodic feedback from audited entities is considered to be at least every two years.