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 (4)
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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.
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.