Independent Audit Limited

External audit effectiveness

Audit committees have to assess external audit effectiveness every year.

But it's a more complicated equation than you might think.

It's not just a combination of technical excellence, it's what's in the audit files and formal independence.  It also means looking at questions such as relationships, risk assessment, planning, co-ordination across the group audit and what the company has got out of it.

Get a more in-depth view in our brief: 'How audit committees can assess external audit effectiveness', which will also explain the serious thinking behind this cartoon.

We help audit committees and finance directors look at external audit effectiveness in a way that gets to the root of effectiveness and helps make sure that the company gets value out of the audit.

An in-depth review might help you avoid an unnecessary tender too. But if it can't, or it's a route you've decided on, we also help companies organise audit tenders and evaluate the bids.