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On March 22-24, 2022, IFIAR’s 16th inspection workshop was held. Representatives of SARAS attended the event along with other member countries.
IFIAR’s inspection workshops are prepared and led annually for member countries by the Inspection Workshops Working Group Its main objective is to establish a robust and sustainable audit inspection workshop model to improve audit quality and enhance investor protection.
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 best practices and exchange experience.
This information sharing and identification of better practices in inspecting audit firms is promoting greater consistency across regulators.
This year, the seminar was devoted to discussions of issues such as risk-based inspection, inspection of IT audits, considering anti-money-laundering issues during inspection and technology development. A panel discussion was also held at the event. The participants reviewed the impact of COVID-19 on the inspections from the perspective of six regulators in the audit field.