WHOLE FIRM REVIEW
The whole-firm review considers the appropriateness of your Professional Indemnity Insurance cover in relation to the requirements of the Professional Indemnity Insurance Regulations;your staff and RIs’ training; your staff and RIs’ declarations of fit and proper status, independence, confidentiality, compliance with Money Laundering and Bribery Act; your ISQC procedures for the firm in relation to audit work; your access to appropriate relevant training material (for audit staff and RIs) and other relevant audit-related matters.
Why do you need one?
The Audit Regulations require a Registered Auditor to review these matters annually.
We can review your documents onsite or at our office. We have the ability to review electronic files at our offices, so we can help you discharge your compliance requirements in these challenging times.
We produce a list of queries on the file reviewed and a report for your records. We will discuss with you the file findings.
Where ICAEW requires one as a condition of Registration
This can happen as a result of a QAD monitoring visit where the Regulator requires confirmation that processes are improving as a result of their findings. We can help. We will review your whole-firm procedures and draft a report for you to submit to the Regulator.
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If you'd like to explore this service with us