Audit Oversight and Quality Assurance

External auditing plays a key role in assuring that financial reporting is reliable and trusted.  However, an international consensus has developed that the auditing profession cannot regulate itself.  Independent monitoring and oversight is needed.  The CFRR offers experts with a deep grounding in best practices in audit oversight and quality assurance to address this need in client countries, including former senior ranking officials from leading audit oversight boards and professional accountancy organizations.  We offer technical advice and build capacity in the areas of legislation, regulations, and standards governing external audit; board composition, structure, funding, and functions of audit oversight; and training, tools, templates and manuals to implement effective inspections and quality assurance for external auditors, among other areas.  Our work is informed by unparalleled experience in addressing the particular challenges of implementing audit oversight and quality assurance in emerging and transitional markets. 

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