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| TRANSPARENCY REPORT

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Members of the

department have a wide

range of experiences and

specialisms mirroring the

diverse nature of our audit

client base.

Each member of the team has

a responsibility for building and

establishing relationships with audit

personnel in their allocated region.

This complements the formal

consultation process that is required

when audit teams want to rely

on the technical guidance or

opinions requested.

NATS works closely with the AMT,

AQLs and the Quality Assurance

Department (QAD) to ensure

that the needs of the business

are understood and responded to

appropriately. A NATS Partner is also

a member of the AMT and Ethics

Team which gives the team a direct

line of communication into the firm's

Head of Audit, Head of Audit Quality

and the Ethics Partner.

In-flight reviews

A high priority initiative this year

is the establishment of an 'inflight' review

team. This team will

focus on the firm's PIE audits and

for a sample will review the key

judgements and estimates and

raise challenges before the audit

report is issued. The emphasis will

be on coaching and insights will be

obtained to help inform areas of

focus for the wider audit service

line. Further support has and will

continue to be put in place to assist

teams in the standardisation of

documentation and the clarification

of understanding.

AUDIT QUALITY

Index

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