Audit Quality Forum: Shareholder involvement
Find out more about the AQF's Shareholder involvement series and download the prospectus and all five publications
About
In 2004 the ICAEW Audit and Assurance Faculty established working parties with members from key stakeholder groups.
They considered four measures to support shareholder involvement in the audit in detail and the longer-term issue of competition and choice.
The result of their work was the Shareholder involvement series, which launched the Audit Quality Forum.
Shareholder involvement prospectus
The Shareholder involvement prospectus introduces the series and outlines the history and purpose of the AQF.
Competition and choice
In 2005 the AQF started a discussion about competition and choice in the audit market with this publication in the Shareholder involvement series.
The Financial Reporting Council and the Department for Trade and Industry both continued the debate.
Questions to the auditor
How can shareholders be empowered to put questions to auditors of listed companies?
This report sets out a policy proposal to improve transparency by enabling shareholders to put questions on relevant matters to auditors of listed companies at AGMs.
Auditor engagement: disclosure of contractual terms
How can boards and auditors provide greater transparency around the terms of the audit engagement and give shareholders greater insight into the audit approach and work?
This report sets out a policy proposal to disclose the contractual terms in audit engagement letters.
Identifying the audit partner
Should individual partners signing audit reports be identified as well as the firm appointed as the auditor?
This report sets out a policy proposal to improve transparency by disclosing the names of individual partners signing audit reports.
Auditor resignation statements
How can auditors’ letters of resignation be made as transparent as possible?
This report sets out a policy proposal to disclose more information in auditor resignation letters.