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Every firms has audit firms to audit their accounts But who will audit an auditing firm?

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Question added by Shamseer KM , Accounts and Admin Payroll , KBM Group
Date Posted: 2015/04/15
Imran Adwani
by Imran Adwani , Head of Internal Audit , Abdulla Bin Zayed Investment Group

Each country’s professional accounting bodies have the system of peer review (i.e. to audit the audit firms by another audit firms) with a view to improve the financial accounting and reporting, quality of audit practice and to provide the credibility.

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

Audit Company are subject to review in accordance with the law like any other company in accordance with the law and, of course, will take an external auditor to review whether other auditing firm, professional office in the audit

Auditing firm is audited by the entity who give it auditing certificate.

Gulzar Hussain
by Gulzar Hussain , Audit Manager , NOKAAF AUDITORS

Another Independent audit Firm will audit their Accounts

 

QCR is conducted to evaluate their Quality of Audit

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Good Question

I fully agree with MR AYMAN MOHAMMED  answer  

Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

All Audit Firm must be registered by a Professional Body like ICAEW , ACCA  in UK  and all audit firm must be follow the rules and regulation of the Professional Body. If the fail to maintain the rules and regulation the their registration will be cancelled . So the audit firm is controlled and audited by the professional body of the country .

Muhammad Sabith
by Muhammad Sabith , Accountant , SIMORA

Good Question .. 

 

I think another firm will audit.

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