Audit Firm Approval Termination
The audit firm’s ability and approval to conduct an EICC audit may be terminated for the following
reasons:
Confirmed Ethical Breach(es) within the firm – acceptance of bribery, accepting gifts, unethical or
dishonest audit scores, etc.:
? For each ethical breach, or suspected ethical breach, the Audit Firm must demonstrate to the
Appointed Agent or the EICC the measures taken to prevent future breaches, which may include
increased or additional training, monitoring, oversight, or other such activities. This should be
included in a Corrective Action Plan sent to the Appointed Agent or the EICC for review.
? If the audit firm does not demonstrate appropriate actions, their approval will be terminated.
? During the investigation and demonstration phases, the audit firm may be suspended from
conducting EICC audits.
? NOTES:
? These decisions are at the sole discretion of the Appointed Agent or the EICC
? These breaches are not only restricted to EICC audits, they include any ethical issues with
any audit type, or within any auditing scheme
Egregious Errors – systemic issues within the audit firm with egregious errors in the audit reports or
audit process, or if the audit firm uses non-approved Auditors (or has too many Provisional Auditors) to
conduct an EICC audit:
? The Audit Firm must demonstrate to the Appointed Agent or the EICC the measures taken to
prevent future egregious errors, which may include increased or additional training,
monitoring, oversight, or other such activities
? If the Audit Firm does not demonstrate appropriate actions, their approval will be terminated
? During the demonstration phases, the Audit Firm may be suspended from conducting
EICC audits
? NOTE: These decisions are at the sole discretion of the Appointed Agent or the EICC
Continual errors, late reporting, unprofessionalism, or other issues that are not addressed or corrected –
systemic issues with continual errors in the audit report in process:
? The Audit Firm must demonstrate to the Appointed Agent or the EICC the measures taken
to prevent future errors, which may include increased or additional training, monitoring,
oversight, or other such activities
? If the Audit Firm does not demonstrate appropriate actions, their approval will be terminated
? During the demonstration phases, the audit firm may be suspended from conducting EICC
audits
? NOTE: These decisions and actions are at the sole discretion of the Appointed Agent or the EICC
Detrimental Actions – The Appointed Agent or the EICC has the sole discretion to terminate any Audit
Firm for any reason at any time for actions, comments, attitudes or any other factor that may be
detrimental to the EICC audit program. Protection of the EICC’s reputation and confidence in theprogram by member companies, Auditors, auditees, external stakeholders and others is the top priority in
determining termination of an Audit Firm’s approval to work within the EICC system.
Attachment:
1. EICC Auditor Qualification/CPD Log
2. The Auditor Qualification Registration and EICC Qualification Testing Process