Best practice tips and guidance for companies, auditors and advisors
Companies listed on regulated markets, credit institutions and insurance undertakings (known as Public Interest Entities or PIEs), in the UK and EU are required by law to conduct a competitive audit tender process every ten years. However, given the importance of a high-quality audit, companies or groups of companies which are not PIEs may also decide that it is in their best interests to put their audit out to tender. Many companies are unprepared for the challenges of managing an audit tender, which can be an unfamiliar experience for the individuals who are responsible and accountable for the success of the process.
During this webinar, Graham Hall will share his learnings from managing a global audit tender in 2019/20 for one of Europe’s largest companies, covering more than 750 entities and 180 countries. Graham will focus on practical advice covering issues such as planning and preparation, governance, key activities and documentation, transition planning to a new auditor, and technology tools that can be used to help achieve a successful outcome.
This webinar will be essential viewing for anybody involved, or likely to be involved, in an audit tender, both from the point of view of the tendering entity but also for incumbent and challenging audit firms, as well as their professional advisors.
Register today to book your place on our webinar, as well as the opportunity to put your questions to our expert.
Key Learning Objectives
- Audit tender best practice
- Key activities and documents required for a successful audit tender
- Technology tools to enable an efficient and successful audit tender
- Transition planning to a new auditor
