Quality Assurance for Non-PIE Audit Network (QAN)

Quality Assurance Network for non-PIE Audit

The non-PIE (Public Interest Entities) audit sector constitutes the largest part of the audit market in the EU. The Quality Assurance Network for non-PIE Audit (QAN) aims to enhance audit quality by fostering cooperation and exchange of best practice to strengthen the audit monitoring practices among its members which are all professional accountancy organisations (PAOs). The focus is on policies, procedures and methodologies, as well as on the content and structure of working papers in the approach to audit file review.

A key element of the QAN initiative from its launch has been to engage with Public Oversight Bodies (POBs), recognising the shared agenda for audit quality and the POBs’ role of ultimate responsibility. Overall, the QAN is advantageous for PAOs with delegated authority (majority of members) and also PAOs that do not have delegated authority.

Specific objectives and components

  • The QAN operates as a cost-effective and self-sustaining initiative to strengthen audit monitoring practices which provide confidence to POBs in continuing delegation to PAOs, with priority focus on policies, procedures, methodologies and the content and structure of working papers and approach to audit file review.
  • It provides a standing network and online community for exchanges between reviewers and a structured series of focused workshop meetings open to audit monitoring staff of QAN participating bodies.
  • It facilitates engagement with POBs to share QAN developments and exchange and resolve practical challenges.
  • Ultimately, the QAN is about addressing “legacy” issues and raising the quality bar, achieving a common understanding on significant issues and risks.

Latest QAN news

QAN Virtual Meeting 26-27 November 2020
25 Nov 09:55 am

Please find below agendas, lists of participants and other supporting documents for our QAN sessions on Thursday...

QAN Virtual Meeting 18 June 2020
19 Jun 10:49 am

The meeting was held virtually due to the COVID-19 situation. The meeting was well attended with core...

QAN Virtual Meeting 18 June 10am- 12 Noon CEST
7 Apr 02:52 pm

Dear All, First, I hope that everyone is keeping safe and well. I am writing to confirm...

Previous QAN meetings

18 June 2020, QAN Virtual Workshop

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

5 March 2020, QAN Workshop, Frankfurt

Unfortunately, due to the COVID-19 outbreak in Europe, the decision was taken to cancel the meeting. The QAN agenda including such items as audit file grading and audit quality indicators.

19 20 November 2019, QAN Workshop, Vienna

The final QAN workshop of 2019, was be held in Vienna on the 19 and 20 November. It drew together existing members as well as new observers as well from Austria, Norway and Sweden. Discussion focused on issues relating to audit file grading and consistency across quality assurance reviewers.

15 16 May 2019, QAN Workshop, Amsterdam

The May 2019 QAN meeting in Amsterdam provided an opportunity to assess progress on the audit file grading project as well as to discuss future priorities of the group. The Netherlands Institute of Chartered Accountants (NBA) gave an overview of their quality assurance process.

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