Inspection Workshops Working Group

Inspection Workshops Working Group Members

Chair Chris Hibbert FRC – United Kingdom
Members ADAA Abu Dhabi
H3C France
AOB Germany
CPAAOB/FSA Japan
CSSF Luxembourg
IRBA South Africa
FAOA Switzerland
PCAOB United States

IFIAR INSPECTION WORKSHOPS

A core activity of independent audit regulators is the ongoing inspection of audit firms. The development and organization of a robust and sustainable inspection workshop model is central to IFIAR’s aim to enhance investor protection by improving audit quality. With member countries from all continents, IFIAR is in a unique position to provide a forum through the inspection workshops for independent audit regulators to meet and discuss inspections processes, learn and leverage from each other, and consider similarities and differences among their practices and methodologies.

This information sharing is leading to a better understanding of the Members’ respective oversight regimes and the identification of better practices in inspecting audit firms. It is also promoting greater consistency across regulators.

Past Inspection Workshops

Locations Dates Attendees Highlights
1. Amsterdam May, 30-31, 2007 53 ”Audit Inspection Techniques”
2. Berlin January 29-30, 2008 63 ”Developing Inspection Processes”
3. Stockholm February 11-13, 2009 75 Introduced Current Issues Session, Break-out Sessions, Elective Sessions
4. Paris February 9-12, 2010 92 Introduced external key note addess (OECD)
5. Washington DC February 23-25, 2011 98 Key note address (IMF)
6. Abu Dhabi March 5-7, 2012 130 Key note address (IFRSF Trustee), Presentation of the IFIAR GPPC WG
7. Zurich March 4-6, 2013 118 1st IFIAR Inspection Survey/ Introduced basic/advanced electives sessions
8. Kuala Lumpur March 10-12, 2014 113 Key note address (investor representative); introduced case studies at break-out sessions; poster sessions (pilot project)
9. London March 2-4, 2015 148 Banking roundtable (with representatives from BCBS, FSB, IASB); various external speakers (economist, audit committee member, academic)
10. Abu Dhabi February 22-24, 2016 150 Key note address (academic); presentations by IFIAR Chair, Working Group Chairs and IAASB representative.
11. Athens February 8-10, 2017 144 Key note address (Governor of the Bank of Greece); presentations by IESBA and IAASB Chairs; focus on data analytics, with video of IAASB working group Q&A made for workshop
12. Colombo February 20-22, 2018 110 Key note addresses from Audit Committee Chair, Investor and motivational speakers; free form sessions introduced; first use of Slido for more interactive discussions

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IFIAR’s inspection workshops are prepared and led by the Inspection Workshops Working Group. The group is Chaired by Chris Hibbert of the Financial Reporting Council of the United Kingdom, and includes IFIAR Members from Abu Dhabi, France, Germany, Japan, Luxembourg, South Africa, Switzerland, and the USA.