Current Issues and FAQs

Issues and concerns identified through the practice review programme often enable the Institute to respond to the needs of its members. Some of the common concerns that surface during practice reviews are summarized in the quality assurance department report and are used as an information source for seminars and forums where representatives of practice units can discuss shared issues and potential solutions.

To keep members as up to date as possible, the quality assurance department also reports key issues facing practice units on the web site as frequently asked questions. Department staff also post responses to the questions raised in order to give practice units some direction or suggestions on how the matter may be addressed. The answers provided will not be definitive interpretations of standards or give a solution that will be relevant for every practice unit as circumstances differ from case to case and practice units must apply professional judgment in dealing with audit issues.