JICPA publishes Overview of the Quality Control Review for the Year Ended March 31, 2010
July 30, 2010
JICPA published, on June 10, 2010, “Overview of the Quality Control Review” for the year ended March 31, 2010. Quality control committee of JICPA conducts quality control reviews of those audit corporations that audit large companies, as defined in the Certified Public Accountants Act, in principle, once every three years. As a result, JICPA publishes “Quality Control Review Reports” and "Recommendations” to the audit corporation subjected to the quality control review. This year, quality control reviews were completed for 85 audit corporations. In addition, 65 audit corporations were subject to the follow-up of the previous year review, and 16 audit corporations where the improvement was insufficient, as a result of follow-up review, were subjected to additional follow-up review.