Requirements for an Audit Firm NO. PROCEDURES STATUS NOTES Adequacy of office space 1. Reception area. Meeting area. Store for files. 2. Available equipment Desks & chairs. File cabinets. Visitors’ chairs. Computers & printers. Telephone. Reference library. Work tables. 3. Management of the firm Availability of practicing certificate. Availability of partnership deed. Availability of succession plan. CPD attendance & returns. Firm’s staff A4. Number of full & part-time staff. Staff qualification. Employment contracts. Staff training. Staff files. Human resource manual. Disciplinary code/ policy. Workman’s compensation. Literature 5. International Auditing, Assurance and Ethics Pronouncements (IAAEPs). International Financial Reporting Standards (IFRS).
Requirements for an Audit Firm NO. PROCEDURES STATUS NOTES 1. Adequacy of office space Reception area. Meeting area. Store for files. 2. Available equipment Desks & chairs. File cabinets. Visitors’ chairs. Computers & printers. Telephone. Reference library. Work tables. 3. Management of the firm Availability of practicing certificate. Availability of partnership deed. Availability of succession plan. CPD attendance & returns. A4. Firm’s staff Number of full & part-time staff. Staff qualification. Employment contracts. Staff training. Staff files. Human resource manual. Disciplinary code/ policy. Workman’s compensation. 5. Literature International Auditing, Assurance and Ethics Pronouncements (IAAEPs). International Financial Reporting Standards (IFRS).
AABE-Rrequirements-for-an-Audit-Firm-Cheklist.docx