Who Should Attend Risk & Audit Quality Assessment Meetings?

A. KPMG employed specialists.

The Risk and Audit Quality Assessment meeting should include individuals responsible for evaluating the sufficiency and appropriateness of audit evidence. This typically includes:

• Risk Management Partner: Responsible for overseeing the risk assessment process and ensuring that appropriate risk mitigation strategies are in place.
• Management's Specialists: Individuals with expertise in the specific areas being audited, who can provide insights and perspectives on the sufficiency and appropriateness of audit evidence.
• Department of Professional Practice Professional Consulted: An independent expert who can provide objective guidance and advice on audit quality and professional standards.