REP 739 Root cause analysis: Audit firm thematic review
Released 19 October 2022
This report summarises thematic findings from our review of root cause analysis of negative audit quality findings performed by the largest six audit firms between 1 July 2020 and 31 December 2021 (review period). The report also outlines good practices we observed and better practice recommendations for audit firms performing root cause analysis.
This report will be of interest to all audit firms, auditors, audit committees, directors and preparers of financial reports.