What the document covers
The direction describes reviewing three audit engagements within a specified period after an oversight order. The requirement is tied to the historical remedial framework and the individual order.
Specific requirements and implications
Under this earlier framework, three statutory audit engagements were to be reviewed within 12 months of the order. The accountant selected the engagements, timing and suitably qualified independent reviewer. A separate peer-review requirement did not apply where a hot-review order already imposed more intensive oversight. The usual revisit period described was around 18 months, but completing peer review did not itself mean the revisit had been passed or transfer audit responsibility.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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