Typical answers might look like this: Actual Ideal N/A Comments 1. The audit partner I do not see the audit maintains contact with partner as regularly as I the audit committee on 8 10 would like an informal basis ‘between meetings’? 2. The audit firm provide I do not look to the appropriate technical auditor (other than support through the audit team) for 5 5 seminars and my ‘professional publications? development’ Calibre of external audit firm Actual Ideal N/A Comments 1. The external audit firm has a strong reputation? 2. Recent or current litigation against the firm will not have a significant adverse impact on the audit firm’s reputation? 3. The audit firm has a strong presence in this industry? 4. The external audit firm has the size, resources and geographical coverage required to audit this company?
Typical answers might look like this: Actual Ideal N/A Comments 1. The audit partner maintains contact with the audit committee on an informal basis ‘between meetings’? 8 10 I do not see the audit partner as regularly as I would like 2. The audit firm provide appropriate technical support through seminars and publications? 5 5 I do not look to the auditor (other than the audit team) for my ‘professional development’ Calibre of external audit firm Actual Ideal N/A Comments 1. The external audit firm has a strong reputation? 2. Recent or current litigation against the firm will not have a significant adverse impact on the audit firm’s reputation? 3. The audit firm has a strong presence in this industry? 4. The external audit firm has the size, resources and geographical coverage required to audit this company?