Quality Assurance
In 2005–2006 the Research and Development Branch quality assurance review program included a selection of:
- 2004–2005 financial statements audits;
- the planning phase, of a selection of 2005–2006 financial statement audits; and
- AEIFRS opening balance audits.
The main areas highlighted by the review that required attention were related to the planning and aligning of resources to audits. The results of these reviews are provided to the Executive Board of Management and action is underway to respond to the results of the review program.