Transparency reporting and Audit Quality Indicators (AQIs)

The purpose of this webpage is to create a central resource of examples of transparency reports, guidance or other information currently available regarding transparency reports and Audit Quality Indicators.

This webpage is in five parts:

  • Links to related websites
  • Links to related communiques
  • Table of examples of transparency reports
  • Table of publications relating to transparency reports
  • Table of publications related to AQIs 

Disclaimer

The linked websites and documents are for information purposes only. The IRBA does not endorse any of the publications, as these have not been subject to the IRBA’s due process.

Links to related websites

Links to related communiques

Table of examples of transparency reports 

Audit firm Document Date
EY UK EY UK 2017 Transparency Report 2017
EY Australia EY Australia 2017 Transparency Report 2017
EY South Africa EY South Africa 2017 Transparency Report 2017
EY USA EY USA 2017 Transparency Report 2017
EY Japan EY Japan 2013 Transparency Report 2013
Deloitte UK Deloitte UK 2017 Transparency Report 2017 
Deloitte Australia Deloitte Australia 2017 Transparency Report 2017
Deloitte USA  Deloitte USA 2017 Transparency Report 2017
Deloitte Japan Deloitte Japan 2017 Transparency Report 2017
PwC UK PwC UK 2017 Transparency Report 2017
PwC Australia PwC Australia 2017 Transparency Report 2017
PwC USA PwC USA 2017 Transparency Report 2017
Pwc Japan PwC Japan 2017 Transparency Report 2017
KPMG UK KPMG UK 2017 Transparency Report  2017
KPMG Australia KPMG Australia 2017 Transparency Report 2017
KPMG USA KPMG USA 2017 Transparency Report 2017
KPMG Japan KPMG Japan 2017 Transparency Report 2017
BDO UK BDO UK 2017 Transparency Report 2017 
BDO Australia BDO Australia 2017 Transparency Report  2017

Table of publications relating to transparency reports

Organisation Nature of organisation Document Date
International Auditing and Assurance Standards Board (IAASB) An independent standard-setting body Invitation to Comment, Enhancing Audit Quality in the Public Interest - A Focus on Professional Skepticism, Quality Control, and Group Audits 2015
Australian Securities and Investments Commission Australia’s corporate, markets and financial services regulator Information Sheet 184 - Audit transparency reports 2013
Canadian Public Accountability Board A national body organized by the Canadian Securities Administrators which oversees Canadian accounting firms performing auditing work. Transparency into the Audit – Audit Quality Indicators and Transparency Reporting 2016
EY (UK) Audit firm  EU audit legislation  2016 
EY (US) Audit firm  EY Center for Board Matters - SEC and PCAOB actions to increase transparency of the audit process  2015
Financial Reporting Council UK's and Ireland's independent regulator responsible for promoting high quality corporate governance and reporting  Transparency Reporting by Auditors of Public Interest Entities - Review of Mandatory Reports 2015 
Emerald Publishing  A global publisher linking research and practice Transparency report disclosure by Australian audit firms and opportunities for research 2015
KPMG Audit firm Shedding light on EU Audit Legislation  2017 
International Organisation of Securities Commissions (IOSCO) The global standard setter for securities markets regulation Transparency of Firms that Audit Public Companies 2015
ACCA (Association of Chartered Certified Accountants) Global body for professional accountants Tenets of a quality audit 2018 
Accounting and Corporate Regulatory Authority A statutory board under the Ministry of Finance of the Singapore Government Guidance to Audit Committees On ACRA’s Audit Quality Indicators Disclosure Framework  2015 
Accounting and Corporate Regulatory Authority and Certified Practising Accountant (CPA) Australia A statutory board under the Ministry of Finance of the Singapore Government / A professional accounting body in Australia Deepening The Audit Quality Conversation  2015
Accounting and Corporate Regulatory Authority  A statutory board under the Ministry of Finance of the Singapore Government Guidance to Audit Firms On ACRA’s Audit Quality Indicators Disclosure Framework 2015
American Institute of Certified Public Accountants  The national professional organization of Certified Public Accountants in the United States

Enhancing Audit Quality: 2016 highlights and progress 

Enhancing Audit Quality: 2017 highlights and progress 

Enhancing Audit Quality: 2018 Mid-Year Progress Report

2016  

2017

 

2018

Audit Committee Forum  A technical resource and sounding board for audit committee members and senior management The evaluation of the external auditor’s audit of the financial statements  2015
Centre for Audit Quality An autonomous, nonpartisan, non-profit public policy advocacy organization based in Washington, DC Audit Quality Indicators – The Journey and Path Ahead 2016 
Centre for Audit Quality  An autonomous, nonpartisan, non-profit public policy advocacy organization based in Washington, DC  Year in Review 2017  2018 
Canadian Public Accountability Board  A national body organized by the Canadian Securities Administrators which oversees Canadian accounting firms performing auditing work 2016 Big Four Inspections Report 2016
Canadian Public Accountability Board  A national body organized by the Canadian Securities Administrators which oversees Canadian accounting firms performing auditing work.

2016 Audit Quality Indicators Pilot Project Interim Report 

2017 Audit Quality Indicators Pilot Project Interim Update

2016

 

2017 

Canadian Public Accountability Board  A national body organized by the Canadian Securities Administrators which oversees Canadian accounting firms performing auditing work.  Transparency into the Audit – Audit Quality Indicators and Transparency Reporting  2016 
Deloitte Canada  Audit firm  Optimizing the value of audit quality indicators - Lessons we have learned  2017 
Deloitte Canada Audit firm  2017 Audit Quality Report - Advancing quality, for today and tomorrow 2017
Accountancy Europe (formerly the FEE (Federation of European Accountants))  International NPO representing institutes of professional accountants and auditors from Europe Overview of Audit Quality Indicators Initiatives - Update to December 2015 edition 2016 
Financial Reporting Council  UK's and Ireland's independent regulator responsible for promoting high quality corporate governance and reporting

Audit Quality Thematic Review - Firms’ audit quality monitoring 

Audit Quality Thematic Review - Engagement Quality Control Reviews 

FRC - Audit-Quality-Thematic-Review-Root-Cause-Analysis

FRC provides aid to Audit Committees in evaluating audit quality

Audit Quality Practice Aid for audit committees

The Audit Quality Framework and initial feedback

Feedback paper – Promoting Audit Quality

Discussion paper – Promoting Audit Quality

2016

 

2016

 

2016

2015

 

2015

 

2008

2007

2006

International Auditing and Assurance Standards Board (IAASB)  An independent standard-setting body A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality  2014 
Institutional Investor Advisory Services  Advisory firm in India  Auditing the Auditors: Audit Quality Indicators  2017
Institute of Directors – Southern Africa Professional body and a non-profit company (NPC) that exists to promote corporate governance  Guidelines for Audit Committees on auditor independence relating to non-audit services by the external auditor 2012 
Institute of Directors – Southern Africa Professional body and a non-profit company (NPC) that exists to promote corporate governance  Guidelines for assessing the performance of an audit committee 
Institute of Directors – Southern Africa  Professional body and a non-profit company (NPC) that exists to promote corporate governance  Draft King IV Report on Corporate Governance for South Africa 2016 
International Organisation of Securities Commissions (IOSCO)  The global standard setter for securities markets regulation IOSCO Consultation Report on Good Practices for Audit Committees in Supporting Audit Quality  2018 
International Organisation of Securities Commissions (IOSCO)  The global standard setter for securities markets regulation Survey Report on Audit Committee Oversight of Auditors 2016 
International Organisation of Securities Commissions (IOSCO) The global standard setter for securities markets regulation Transparency of Firms that Audit Public Companies 2015
Nederlandse Beroepsorganisatie van Accountants (NBA) Organization that promotes the good professional practice of its members (chartered accountants and Accountants-Administration consultants) Disclosure of Audit Quality Factors 2016
Public Company Accounting Oversight Board  A non-profit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies Concept Release on Audit Quality Indicators 2015
Public Sector Audit Committee Forum  An organization that raises awareness of matters that relate to the function, duties and composition of public sector audit committees  The role of audit committees in relation to the external and internal audit process 2015
International Forum of Independent Audit Regulators (IFIAR) International Forum of Independent Audit Regulators Audit Committees and Audit Quality: Trends and Possible Areas for Further Consideration  2015 
EY (UK)  Audit firm

EY - Transparency Report, 30 June 2016 – volume 1 

EY - Transparency Report, 30 June 2016 – volume 2 

2016 
Deloitte LLP (UK) Audit firm  Deloitte LLP - Audit Transparency Report, 31 May 2016 2016

Contact the Standards Department of the IRBA at standards@irba.co.za with any further suggestions of relevant documents that may be included on this page.