| TRANSPARENCY REPORT
37
AUDIT QUALITY
The result was in line with our expectations based on historic
knowledge and understanding of the file review outcomes.
QAD achieves a high coverage of offices and RIs, with reviews of
each office on a frequent basis. Each of the five audit regions has
a QAD team member allocated to it, who meets at least every
quarter with the AQLs and the AQCs to assess progress being
made in the implementation of action plans and to discuss other
audit quality issues and initiatives.
AQI
Year ended
31 March 2021
Proportion of QAD reviews to audit engagements 1:30
RIs received an internal quality assurance review 68%
Audit office locations reviewed 89%
Ethical culture quality indicators
Ensuring an ethical culture permeates the firm is of the utmost
importance. Ethical issues are reported to and considered by the
Management Board and the AMT and any potential breaches
are taken very seriously. Ethical breaches reported to the Ethics
Partner are measured and in the quality survey we always
measure the commitment to adhering to a strong ethical code.
AQI Year ended March 2021
Number of reports of inadvertent ethical
breaches reported to the Ethics Partner
One
Percentage of staff that agreed that
adhering to a strong ethical code is key to
having a profitable, quality business
95%