What the document covers
The direction describes reviewer duties under the earlier practice monitoring framework and supersedes a 2007 direction. It should be distinguished from the later 2024 version.
Specific requirements and implications
The reviewer was expected to understand the practice-review findings and the accountant's corrective plan, then examine the engagement before the audit report was completed. This review was additional to any engagement quality-control review otherwise required. Independence and suitable professional experience mattered when selecting the reviewer. Recording the review and its completion date helped demonstrate compliance, while responsibility for the signed audit opinion remained with the public accountant.
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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