JICPA Publishes an Overview of the Quality Control Review for the Year Ended March 31, 2009 and Overview of the Quality Control Oversight Board.
September 01, 2009
JICPA published an overview of the Quality Control Committee's review of quality control for the year ended March 31, 2009. Along with this, JICPA published an overview of activities and "Recommendations for Activities of the Quality Control Committee for the year ended March 31, 2009" of the Quality Control Oversight Board. The Board, consisting of five highly experienced individuals outside the profession and three CPAs, review the entire process of quality control review, approve the registration of listed company audit firms, and decide measures against registered audit firms. Those measures include revocation audit firms from the registration list.
An English translation of this report will be available soon.