Guidelines on the selection criteria for audit firms, independent auditors and licensed authorized auditors for the quality assurance reviews of conducted audits

At the yesterday's session, the Commission adopted its Guidelines on the selection criteria for audit firms, independent auditors and certified auditors for the quality assurance reviews of conducted audits.

The Guidelines provide for general criteria for the selection of audit firms on the basis of Article 77 of the Law on Audit and the special criteria for the selection of audit firms and independent auditors, based on risk factors.

The Guidelines provide also for the special criteria for the selection of licensed authorized auditors and audit engagements, based on the assessment of the characteristic risk factors.

The text of the Guidelines is available in English at the following link:

Guidelines on the selection criteria for audit firms, independent auditors and licensed authorized auditors for the quality control reviews of conducted audits