R. A.

9298

• Sec. 9 – Powers and

Functions of the Board – The
Board shall exercise the
following specific functions,
powers and responsibilities:

• (h) To conduct an
QAR: LEGAL BASIS oversight into the quality of
audits of financial
statements through a review
of the quality control
measures instituted by
auditors in order to ensure
compliance with the
accounting and auditing
standards and practices
 Timeline
September November January

- QAR Office - Self-Survey Tool - Initial Survey of

Establishment Consultation Practitioners for
- Program Funding Meetings – PICPA, Group
- Initial Coordination ACPAPP, Firms, & Classification &
& Consultation Practitioner Other Concerns
Groups

2022 2023

October December March

- Train the Trainer - Start of Official - Proposed Fees for

- Proposed QAR QAR Training Comments
Self-Survey Tool – Workshops - Proposed QAR
For Comments & (Continuous until Primer for
Suggestions 2023) Inspectors
 Timeline
April June October January December

- Consultation - Training of Quality - Consultation - Formal Inclusion of - Annual Review

meetings for Inspectors Meeting regarding QAR as requirement and Consultation
Proposed Fees initial results of for Initial and of the result of
- Hiring of Quality Voluntary QAR Renewal of BOA QAR Program
Inspectors Accreditation

2023 2024

May July November July

- Finalization of QAR - Start of Voluntary - Finalization of QAR - Semi-Annual

Primer for Quality QAR Program Program Review and
Inspectors Procedures, Consultation with
Methodologies, & the result of QAR
Fees Program