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Annual Report of Activities in 2014

ICAC 2014 Report In addition, in 2014 the rotation of the undersigning auditor of the audit report was re-viewed, in accordance with the provisions of Article 19 of the TRLAC, with regards to 120 19 audit jobs (77 of them relating to PIEs). Quality control review actions conducted by virtue of cooperation agreements entered into with corporations that represent auditors In 2014, the ICAC supervised inspections conducted through corporations that represent auditors, relating to 49 auditors, the majority of whom are auditors of entities other than the PIEs. There were two actions, one pertaining to the implementation of the internal quality control policies and procedures of the auditors and the other pertaining to the review of specific audit jobs, amounting to a total of 118 actions. The following table includes the evolution of actions by the ICAC in 2014 in comparison with 2013: OVERSIGHT ACTIONS 2014 2013 Direct actions 301 230 Indirect actions: • Agreement reviews 118 234 TOTAL 419 464 Oversight actions Direct actions Indirect actions: Agreement reviews 350 300 250 200 150 100 50 0 2014 2013


Annual Report of Activities in 2014
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