AQRB: Consultation Arrangements
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AQRB has in place a number of formal and informal consultation arrangements in place, including:
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Australian Investments and Securities Commission (ASIC)
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Informal liaison meetings are held with senior executives of ASIC but only to discuss matters of general relevance to auditing quality and auditor independence in publicly listed companies.
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Auditor Consultation Group (ACG)
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AQRB representatives meet regularly with representatives of PMAFs, currently PricewaterhouseCoopers, Ernst & Young, KPMG and Deloitte Touche Tohmatsu, to discuss various matters primarily related to the planning and implementation of the review process.
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Institute of Chartered Accountants (ICAA), CPA Australia (CPAA) and National Institute of Accountants (NIA)
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AQRB has entered into Memorandum of Understandings (MOUs) with each of ICAA, CPAA and NIA. Meetings will be held from time to time with the professional bodies and a certain amount of information exchange will take place in accordance with the requirements of the MOUs.
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 MOU – ICAA
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MOU – CPAA
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MOU – NIA
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Auditing and Assurance Standards Board (AUASB)
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Informal meetings will be held with AUASB to discuss matters of mutual interest in relation to auditing standards.
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Financial Reporting Council (FRC)
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Informal meetings will be held with FRC to discuss matters of mutual interest in relation to auditing and independence standardsand legislation relating to the audit of publicly listed entities
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