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Annual Report of Activities in 2014

2014 Report ICAC QUALITY CONTROL ACTIONS 2014 2013 Broad inspections of large auditors that audit PIEs 11 — Inspections limited to the theoretical design of the quality control systems of auditors of small/medium size that audit PIEs 20 9 15 Inspections limited to verifying the transparency report 82 59 Follow-up on, documentation of and implementation of 3 23 improvement requirements TOTAL 105 97 Quality control actions Broad inspections of large auditors that audit PIEs Inspections limited to the theoretical design of the quality control systems of auditors of small/medium size that audit PIEs Inspections limited to verifying the transparency report Follow-up on, documentation of and implementation of improvement requirements 90 80 70 60 50 40 30 20 10 0 2014 2013 Taking onto account the previous data, during financial year 2014 the control activity has increa-sed, with regards to the prior financial year relating to direct actions, having addressed efforts, mainly towards inspections with a broad scope of large auditors that audit PIEs and the limited review of the annual transparency reports. The decrease of indirect actions, is mainly due to a delay in that expected for 2014 as the supervision of the execution of the agreements with the firms representing the auditors was increased.


Annual Report of Activities in 2014
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