In today’s complex regulatory environment, audit firms adherence to quality standards set by the regulators is gaining greater attention and requires high degree of diligence to ensure compliance to professional standards. JFCIL can assist audit firms in navigating the complexities of the regulatory environment.
At JFCIL, our offerings include :
- Audit and independence analysis and rules interpretation
- Independent and balanced perspective of audit and independence issues and risks
- Assistance to response to inspection comments
- Assistance with audit and independence communications with regulators
- Assessment of quality control policies and procedures in advance of regulatory inspection
- Review and assessment of firm guidance materials
- Independent engagement compliance and quality control reviews
- Development and monitoring quality implementation plans
- Assist in the interpretation of regulatory quality control standards
- Provision of independent and credible insight based on firsthand rule-making