Consultation response

29 September 2015

FEE responds to PCAOB concept release on Audit Quality Indicators (AQIs)


FEE has responded to the PCAOB’s request for public comment on the content and possible use of a set of potential AQIs. FEE supports actions to enhance audit quality, such as developing AQIs. The PCAOB should keep this main objective in mind to prevent an unnecessary burden on firms without a meaningful benefit.

FEE strongly believes in a high level and principles-based approach towards exploring the use of AQIs. We advocate for all stakeholders to work together in a voluntary initiative, experimenting and develop a meaningful set of indicators. This set of AQIs should be globally accepted, as many accounting firms are international, it would be detrimental if AQIs would differ among jurisdictions.

FEE is currently undertaking a project to understand the different international initiatives that explore the option of AQIs and take stock of their outcome.

Related files:

FEE comment letter on the PCAOB Concept release on Audit Quality Indicators

Related links:

PCAOB Concept Release on Audit Quality Indicators

Related content

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

12 December 2019

In the mediaAn Overview of KAMs in the European Banking Sector

15 November 2019

PublicationKey audit matters in European Banking sector – update 2019

7 October 2019

Stories from practiceTo rebuild trust in auditors, we need the courage to speak up

7 October 2019

Team memberHarun Saki

22 July 2019

Consultation responseSir Donald Brydon’s Independent Review into the Quality and Effectiveness of Audit

10 July 2019

PublicationMember States’ implementation of new EU audit rules

19 February 2019

Stories from PracticeVolunteering for a more human approach

7 January 2019

Publication10 Most popular publications of 2018

11 December 2018

Stories from practiceEmpowering accountants in emerging economies

1 October 2018

PublicationReporting key audit matters in the EU banking sector

28 September 2018

Stories from practiceChange is in the air? Help a country: send in the auditors

5 September 2018

Consultation responseIOSCO’s report on good practices for audit committees in supporting audit quality

16 July 2018

Stories from practiceAuditing the coast, saving the beaches

30 May 2018

PublicationFAQs on the auditor’s role in tackling financial crime

19 February 2018

Stories from practiceUncovering a 2 million USD embezzlement

19 February 2018

Consultation responseIOSCO’s Monitoring Group consultation

31 January 2018

PublicationAuditor’s role in fighting financial crime

11 December 2017

Consultation responsePCAOB Proposed auditing standard on Auditing Accounting Estimates

23 August 2017

Consultation responsePCAOB proposed amendments to auditing standards for auditor’s use of the work of specialists

23 August 2017

Sign up for our newsletter