Quality Control Authority
The quality control authority for auditors and auditing companies (QKB) has been the highest supervisory and control body of the Austrian system of external quality assurance in the field of auditors and auditing companies at the Federal Ministry of Economics, Family and Youth since September 2005 . It is a counterpart to the APAK in Germany .
Legal basis
The legal basis for the establishment of the QKB as a public supervisory and quality control authority are the Final Examination Quality Assurance Act (A-QSG) and the Final Examination Quality Assurance Guideline (A-QSRL). As a result, Directive 2006/43 / EC (Auditing Directive ) (Directive 2006/43 / EC of the European Parliament and of the Council of May 17, 2006 on auditing of annual financial statements and consolidated financial statements of June 29, 2006) was implemented.
Quality assurance system
The Auditing Quality Assurance Act (A-QSG) provides for a regular, mandatory external quality audit for all auditors . Depending on the audits carried out, auditors are subject to a three-year (credit institute, insurance company, listed company, pension fund) or a six-year (all other mandatory audits) audit interval. The external quality audits are to be carried out by professional members (auditors, auditors) entered in the list of quality auditors.
Authorities
In the first instance, the responsible authority is the working committee for external quality reviews .
The quality control authority for auditors and auditing companies (QKB) was established at the Federal Ministry of Economics, Family and Youth as a second instance authority. This consists of six members and substitute members. The quality control authority is entitled to obtain information from the Chamber of Public Accountants at any time about the acceptance of professional regulations pertaining to the exercise of the auditing activities. The quality control authority is subject to the supervision of the Federal Minister for Economy, Family and Youth (§ 20 A-QSG).
The tasks of the QKB include the management of the "public register" in which all auditors and auditing companies are to be entered, who undergo an external quality check at regular intervals and have a valid certificate of positive participation in the external quality check. In addition, the QKB is responsible for European and international cooperation in the field of supervision of auditors and audit firms. It works with the responsible bodies in other member states of the European Union as well as with international bodies, in particular with the International Forum of Independent Audit Regulators (IFIAR), and regularly takes part in the established expert bodies.
Individual evidence
- ↑ Archived copy ( Memento of the original from March 8, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ bmwfw.gv.at: Legal basis ( Memento of the original from August 19, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed September 24, 2014.
- ↑ Archived copy ( Memento of the original dated December 4, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
