Section 20: Audit Practice Review Panel
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
20. Audit Practice Review Panel
(1) The Audit Practice Review Panel shall—
(a) conduct practice reviews of licensed auditors and audit firms and
any other entity, which assisted or is assisting the licensed auditors or the audit firms in discharging their duties;
(b) determine, when conducting practice reviews, whether a licensed auditor or an audit firm has complied with the Code of
Professional Conduct and Ethics and any applicable auditing
standards, as required under this Act.
(2) The Audit Practice Review Panel shall, when conducting a practice
review, inform the licensed auditor, audit firm, and any other entity which
assisted or is assisting the licensed auditor or the audit firm in the discharge
of his or its duties, that representations may be made to the panel.
(3) The Audit Practice Review Panel shall, pursuant to the discharge of
its duties under subsection (1), submit its findings and recommendations to
the Enforcement Panel for consideration.
(4) Subject to this Act and the rules made by the Council, the Audit Practice Review Panel shall conduct its practice review in such manner as it
thinks fit.