QAN Virtual Meeting June 2020

The meeting was held virtually due to the COVID-19 situation.

The meeting was well attended with core QAN PAOs attending alongside new participants from Italy, Belgium and France. With these PAOs providing a general overview of the quality assurance of the audit sector in their respective countries.

The meeting covered the key areas in quality assurance that have been impacted by COVID-19. These include:

  • How audit monitoring is continuing during the lockdown (or not) – changes to approach and use of technology
  • Communications and technical guidance to firms
  • Issues being raised by audit firms due to the crisis

SOEL and ICAEW gave short presentation on how they have acted during the COVID-19 crisis in relation to the points above, before the floor was opened to a wider discussion.

At the conclusion of the meeting it was agreed that QAN members will be consulted on future planning for the rest of 2020 and 2021, including the engagement with the CEAOB.

QAN members can find the supporting materials here.