Audit quality and regulation

Statutory audit lies at the heart of the UK’s financial reporting regime. Our audit approach delivers a robust and challenging service, providing assurance to owners and those with governance responsibility.
Following the introduction of the European Union Audit Regulation and Directive into UK law on 17 June 2016, Crowe is classified as a ‘public interest entity auditor’ and, as a result, continues to be subject to oversight and inspection by the Audit Quality Review (AQR) team, which operates within the Conduct Division of the UK Financial Reporting Council.
As such, we are subject to periodic full-scope inspections by the AQR, whose remit is to ensure that the firm has appropriate policies and procedures that will deliver audits of the appropriate quality. The AQR’s scope of work also includes inspecting audit files of public interest entities.
The results of our past inspections are available from the Financial Reporting Council. Our third report was published in February 2015.

Transparency reports

Our annual Transparency Report illustrates how our commitment to quality is established at the very highest level in the firm. In particular, it sets out details of our approach to engagement performance and monitoring for audit assignments and maintaining the competence of our audit partners and staff.

Our knowledge and experience are recognised in our specialist sectors, which include social purpose and non profits, pensions funds and professional practices, alongside corporate business.

Having confidence in financial information and ensuring statutory compliance is a prerequisite for any organisation and its stakeholders. In an increasingly regulated and changing environment, the firm regularly provides specialist Assurance advice.

Contact us

Steve Gale
Steve Gale
Partner, Professional Practices and Head of Audit