Blogger
Share this content
0
4
1578

"Hot Review" of current audit...is it compuloary?

We have an Audit client whose files have never been "Hot Reviewed"

Recently attended a CPD course on Audit, and it seemed that a "Hot Review" is compulsory at least once every 5 years....is this true?

I am a sole proprietor and this is our only "Audit" client

Any guidence truly appreciated

Replies

Please login or register to join the discussion.

.

Has no one got any opinion?

Thanks (0)

Not aware that this is true

Although I'm not an active auditor any more.

Thanks (0)

Why do questions like this get asked on here?

Why do you not ask your Institute about their requirements.

 

No it is not true, at least not for ICAEW members.

Thanks (0)

It may be ...

... that auditors should be inspected every 5 years and the inspectors may apply the guideline that sole practitioner auditors should get their next audit hot reviewed.

Thanks (0)