Internal review
An internal review is the review of the appropriateness and effectiveness of the internal quality assurance system of an auditing practice. This is intended to ensure compliance with the applicable quality standards and to convey knowledge to the management of the practice about the acceptance of the quality measures among employees.
The responsibility for this look-up lies with the management . Implementation may be delegated to qualified and experienced employees, whereby colleagues from outside the branch or department should be used to increase objectivity . These may not have been involved in the execution of the order or in the order-related quality assurance. For audit assignments that do not concern capital market-oriented companies , the engagement audit can also be carried out through self-assurance. An external auditor may also be commissioned for this. The recommendations identified as part of this review should be implemented by management.
The internal review must be carried out every three years and at least one assignment must be examined by each auditor. The organization, implementation and the results of the follow-up must be documented in a suitable form.
Individual evidence
- ↑ K.-U. Marten, R. Quick, K. Ruhnke: Auditing: Fundamentals of business auditing according to national and international standards. 4th edition, Stuttgart 2011, p. 551.
- ↑ VO 1/2006, Item 157.
- ↑ VO 1/2006, Item 158.
- ↑ Section 33, Paragraph 2, Clause 3 of the Professional Statutes.
- ↑ VO 1/2006, Item 171.
