TRANSPARENCY REPORT |
New RIs and those engaging in new specialist
areas are subject to formal mentoring
arrangements. The role of the mentor is to
provide technical, commercial and personal
support to the RI, to act as a sounding board
and share the benefit of their practical
experience in dealing with difficult situations.
In most circumstances an internal quality
assurance review must be performed, and
satisfactorily completed, before mentoring
arrangements can cease.
Mentors are selected by the
AMT from an approved pool of
appropriately experienced RIs,
based on recommendations from
the relevant AQL.
These recommendations consider the capacity
of the mentor, ensuring that they have
enough time to commit to the process and
independence is maintained.
The exercise of professional scepticism is an
essential feature in a quality audit and our
culture encourages audit teams to consult and
to challenge their own, their colleagues' and the
client's assumptions and conclusions during
the performance of the audit, and to document
the resolution of matters arising.
A broad spectrum of experts in auditing,
accounting, IT, taxation, property and other
valuations and financial instruments are on hand
to consult, assist or use when obtaining sufficient
appropriate audit evidence on a complex technical
matter. Audit teams can also call on specialists in
certain areas, for example, CJRS.