This year’s audit monitoring report shows that a significant majority of audit monitoring reviews show positive outcomes; but we are not complacent. Looking back at the results of the last 12 months of audit monitoring reviews, our quality assurance team has identified the key areas for improvement including the top 10 most common failings. The report also includes firm case studies, ways to avoid mistakes, examples of good practice and other resources available from ICAEW to ensure the standard of audit work at your firm remains high.
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