A joint audit is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsibility for the audit. A typical joint audit has audit planning performed jointly and fieldwork allocated to the auditors. The auditors are typically not individuals, but auditing firms. This work allocation may be rotated after a set number of years to mitigate the risk of over-familiarity. Work performed by each auditor is reviewed by the other, in most cases by exchanging audit summary reports. The critical issues at group level, including group consolidation, are reviewed jointly and there is joint reporting to the legal entity's management, its audit committee, a government entity, or the general public.
A joint audit is different from a dual audit, where a dual audit is performed by two independent auditors issuing their own separate reports, which are then used by another auditor that ultimately reports on the entity as a whole. Since the audit reform in 2014 in Europe, joint auditing is encouraged but not obligated by the law. In combination with mandatory rotation it's effective to diversify the audit market. In France the joint audit system is obligated by law for PIE's.[1]
^Mazars. "What you need to know about joint audit - Mazars - Belgium". www.mazars.be. Retrieved 2019-12-09.
A jointaudit is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsibility for...
Service (IRS) and the National Tax Agency of Japan (NTA) initiated a jointaudit of Rex and Ruth Maughan and related entities Aloe Vera of America (AVA)...
Clinical audit is a process that has been defined as a quality improvement process that seeks to improve patient care and outcomes through systematic...
In December 2004, the ODJFS and the Ohio Auditor's Office launched a jointaudit. As a result, Ohio officials questioned $200 million in tax dollars spent...
Service (IRS) and the National Tax Agency of Japan (NTA) initiated a jointaudit of Rex and Ruth Maughan and related entities Aloe Vera of America (AVA)...
Safety Authority, Transport Canada and the Joint Aviation Authorities (JAA). IATA oversees the accreditation of audit organisations, ensure the continuous development...
recommendations. The Commission operates a JointAudit Program to which states separately subscribe. The program audits taxpayers on behalf of multiple states...
that PwC had insufficient audit evidence as to the adequacy of loan loss provisions. In 2015, PwC Ireland was sued by the joint administrators of Quinn...
strong historical connections. It has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into...
The Australian National Audit Office (ANAO) is the supreme audit institution of Australia, functioning as the national auditor for the Parliament of Australia...
administration and auditing. The first efforts to perform jointaudits began with the U.S. Navy and Army Air Corps in 1939. Audit coordination committees...
(1) City, County and Local Affairs, (2) Judiciary, and (3) Legislative JointAudit Committee. She is a member of the American Legislative Exchange Council...
www.ntt.com (in Japanese). Retrieved 9 August 2022. "NTT Joins the JointAudit Cooperation (JAC) along with Telecommunications Carriers of the Global...
supported by a network of independent legal entities. Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and legal services...
the election fraud alleged by Trump and his supporters. The controversial audit, completed in September 2021, found no evidence to support claims of significant...
Forvis Mazars is an internationally integrated partnership, specialising in audit, accounting and consulting group employing more than 47,000 professionals...
the original (PDF) on October 25, 2007. Retrieved October 11, 2007. "JointAudit and Finance/Strategic Planning Committee" (PDF). FAU Board of Trustees...
"Learning Lessons: An overview of the first ten joint inspections of police authorities by HMIC and the Audit Commission", outlining their findings from the...
2006, section 59(2) Companies (Audit, Investigations and Community Enterprise) Act 2004, section 33(1) Companies (Audit, Investigations and Community Enterprise)...
Auditing Department of Financial Ministry) completed auditing Tymoshenko's second government activities. The two US firms were involved in auditing –...
subcommittee, 2020–present) Joint Committee on Cybersecurity, Information Technology and Biotechnology, 2019–present JointAudit and Evaluation Committee...
audits as required by a 1992 law. According to Reuters, the Pentagon "annually reports to Congress that its books are in such disarray that an audit is...
Governmental Affairs Committee, the Joint Budget Committee, the Joint Energy Committee, the Legislative JointAudit Committee, the Legislative Council...
committees, including the Legislative Council; Rules and Regulations; JointAudit; and Revenue and Taxation. He also chaired several committees: Transportation...
The Joint Light Tactical Vehicle (JLTV) program was a U.S. Army, U.S. Marine Corps and Special Operations Command competition to select a vehicle to partially...
election audit is any review conducted after polls close for the purpose of determining whether the votes were counted accurately (a results audit) or whether...
Global Information