Quality Review Visit
All member firms are included within the scope of the Quality Review Regulations and may be seleceted for a Quality Review visit. The cycle for these visits varies depending on the nature of the activities provided by the firm and based on the assessment of the Annual Return they have submitted. The Quality Review visit can cover all the professional activities of the firm including accounting, auditing, investment business advice, consultancy, taxation etc.
One of the most important objectives of the visit is to determine the extent of the firm’s compliance with the standards of professional conduct, to identify any weaknesses and agree with the firm any remedial action to improve the compliance within the firm.