Governance in focus — A framework for assessing the effectiveness of the external audit process

Published on: 07 Aug, 2019

Since 2013, when the last publication was issued, the importance of the audit committee’s focus on audit quality and the effectiveness of the external audit process has increased. It is more important than ever that the audit committee should be able to make their assessment of audit quality with confidence. It is a key part of the audit committee’s role to scrutinise the quality of the external audit on behalf of investors.

This updated version includes a concise set of twenty questions for audit committees and ten questions for material component management to consider. As an audit committee with an effective external audit process, we believe you should have the confidence to answer “yes” to each of these questions.


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