Processes in Relation to PIE Audits
Published: 24 September 2023
5 minute read
Introduction
The FRC, in its role as Competent Authority, receives applications in respect of PIE audits, concerning exemptions from the cap on non-audit fees, determinations of the start of an audit engagement period in cases of uncertainty and extensions of the maximum duration of an audit engagement. This section sets out the processes for submitting such applications, the applications which have been approved, the process for applying to the High Court for the dismissal of a statutory auditor/audit firm, and the procedure audit firms should follow to comply with the requirements of the FRC’s Ethical Standard in respect of breach reporting for auditors of Public Interest Entities.
Processes
Name | Process for applications for exemption from cap on non audit fees |
---|---|
Publication date | 17 June 2016 |
Type | Policy |
Format | PDF, 100.0 KB |
Name | Process for applications to extend the maximum duration of the audit engagement |
Publication date | 1 June 2016 |
Type | Policy |
Format | PDF, 102.4 KB |
Name | Process for requesting the competent authority determines the start of an audit engagement |
Publication date | 17 June 2016 |
Type | Policy |
Format | PDF, 149.0 KB |
Name | Policy on publication of the above - June 2016 |
Publication date | 17 June 2016 |
Type | Policy |
Format | PDF, 28.8 KB |
Name | Process for applying to the High Court for the dismissal of a statutory auditor |
Publication date | 17 June 2016 |
Type | Policy |
Format | PDF, 16.2 KB |
Ethics Breach Reporting Policy for Auditors of Public Interest Entities (PIEs)
This note sets out the procedure audit firms should follow to comply with the requirements of the FRC’s Ethical Standard in respect of breach reporting for auditors of Public Interest Entities.
Name | Public Interest Entity Audit Firm Breach Reporting |
---|---|
Publication date | 28 January 2022 |
Format | PDF, 225.9 KB |
Name | Template Summary of Breaches |
Publication date | 28 January 2022 |
Format | XLSX, 36.6 KB |