{"id":1647,"date":"2020-12-07T16:51:55","date_gmt":"2020-12-07T13:51:55","guid":{"rendered":"https:\/\/elte.org.gr\/spe-quality-audit\/"},"modified":"2021-03-30T11:56:02","modified_gmt":"2021-03-30T09:56:02","slug":"quality-inspections","status":"publish","type":"page","link":"https:\/\/elte.org.gr\/en\/quality-inspections\/","title":{"rendered":"Quality Inspections"},"content":{"rendered":"\n\t<section class=\"section\" id=\"section_823905528\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"slider-wrapper relative\" id=\"slider-1244620469\" >\n    <div class=\"slider slider-nav-circle slider-nav-large slider-nav-light slider-style-normal\"\n        data-flickity-options='{\n            \"cellAlign\": \"center\",\n            \"imagesLoaded\": true,\n            \"lazyLoad\": 1,\n            \"freeScroll\": false,\n            \"wrapAround\": true,\n            \"autoPlay\": 6000,\n            \"pauseAutoPlayOnHover\" : true,\n            \"prevNextButtons\": true,\n            \"contain\" : true,\n            \"adaptiveHeight\" : true,\n            \"dragThreshold\" : 10,\n            \"percentPosition\": true,\n            \"pageDots\": false,\n            \"rightToLeft\": false,\n            \"draggable\": true,\n            \"selectedAttraction\": 0.1,\n            \"parallax\" : 0,\n            \"friction\": 0.6        }'\n        >\n        \n\n  <div class=\"banner has-hover\" id=\"banner-1871243382\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n            <img loading=\"lazy\" decoding=\"async\" width=\"1910\" height=\"1276\" src=\"https:\/\/elte.org.gr\/wp-content\/uploads\/2020\/12\/audititng.jpg\" class=\"bg attachment-original size-original\" alt=\"\" \/>                        <div class=\"overlay\"><\/div>            \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-1535150644\" class=\"text-box banner-layer x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text dark\">\n              \n              <div class=\"text-inner text-center\">\n                  \n<h3 style=\"text-align: left;\"><strong><span style=\"font-size: 130%;\">Quality Inspections<\/span><\/strong><\/h3>\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-1535150644 {\n  width: 93%;\n}\n#text-box-1535150644 .text-box-content {\n  font-size: 100%;\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-1871243382 {\n  padding-top: 400px;\n}\n#banner-1871243382 .overlay {\n  background-color: rgba(0, 0, 0, 0.56);\n}\n#banner-1871243382 .banner-bg img {\n  object-position: 1% 25%;\n}\n<\/style>\n  <\/div>\n\n\n     <\/div>\n\n     <div class=\"loading-spin dark large centered\"><\/div>\n\n\t<\/div>\n\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_823905528 {\n  padding-top: 0px;\n  padding-bottom: 0px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1989785215\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\t<div class=\"is-border\"\n\t\tstyle=\"border-width:0px 0px 0px 0px;margin:-2px 0px 0px 0px;\">\n\t<\/div>\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row align-center\"  id=\"row-315917057\">\n\n\t<div id=\"col-1133380903\" class=\"col medium-11 small-9 large-11\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1965586739\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1965586739 {\n  padding-top: 45px;\n}\n<\/style>\n\t<\/div>\n\t\n<h2><span style=\"font-size: 120%;\">The HAASOB has structured the framework and the quality inspections program aiming to protect the public interest. This procedure is based on specific criteria that concern both the frequency and the methodology of selecting the audited entities.<\/span><\/h2>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1989785215 {\n  padding-top: 11px;\n  padding-bottom: 11px;\n  background-color: rgb(242, 242, 242);\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_479592179\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-665963281\">\n\n\t<div id=\"col-1261358358\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">As to the frequency of conducting quality inspections, the selection criteria for audit firms and \/ or statutory auditors as defined by Article 39 of Law 3693\/2008 are the following:<\/span><\/p>\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-size: 120%;\">At least every three years for audited entities that perform statutory audits on public interest entities (PIES) and<\/span><\/li>\n<li style=\"text-align: left;\"><span style=\"font-size: 120%;\">At least every six years, for audited entities that do not perform statutory audits on public interest entities (non PIES) and<\/span><\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">As to the selection criteria of each file, the HAASOB takes the following parameters under consideration:<\/span><br \/><span style=\"font-size: 120%;\">1) The degree of risk concentration for the public interest in an audited entity. To estimate the concentration of risk the number and \/or capitalization of public interest entities that the audited entity audits is taken into account.<\/span><br \/><span style=\"font-size: 120%;\">2) The degree of risk concentration for the public interest, depending on the market conditions and the entities of public interest that the audited entity audits.<\/span><br \/><span style=\"font-size: 120%;\">3) The potential of setting the independence of the entity audited at stake because of possible concentration of the income resources of the audited entities to a limited number.<\/span><br \/><span style=\"font-size: 120%;\">4) Critical accounting and auditing issues.<\/span><br \/><span style=\"font-size: 120%;\">5) Violations and findings of the inspections noted that the HAASOB has already performed in the past.<\/span><br \/><span style=\"font-size: 120%;\">6) Recommendations and suggestions to audit firms and statutory auditors after inspections that HAASOB has already performed.<\/span><br \/><span style=\"font-size: 120%;\">7) Complaints and reports that have been submitted to the HAASOB.<\/span><br \/><span style=\"font-size: 120%;\">8) Preliminary investigations ordered by prosecutors and judicial authorities.<\/span><br \/><span style=\"font-size: 120%;\">9) Cases of abnormally low wages, observed from the submitted information in relation to the size of the audited entities.<\/span><\/p>\n<p>\u00a0<\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">Quality inspections contain:<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">a) The assessment of the planning of the internal inspections system that the audited entity is required to maintain, in accordance with Article 24 par. 2 of Law. 3693\/2008 and the International Standard on Quality Control 1 (ISQC-1) and the control of effective compliance.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">b) The evaluation of the audit work of the statutory auditors that the audited entity undertakes, in accordance with the applicable auditing standards and legislation.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">c) The evaluation of the content of the latest Transparency Report, which the audited entity has published in connection with the information specified in article 36 of Law 3693\/2008 as regards the minimum content of the Transparency Report.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 120%;\">d) In addition to the above, the content of inspections can also be to evaluate the adequacy of the measures and procedures, that the statutory auditors and audit firms have adopted on the basis of Anti-Money Laundering, Counter-Terrorist Financing, in accordance with the provisions of the existent legislation and no. 004\/2009 Regulatory Act of HAASOB, as applicable.<\/span><\/p>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_479592179 {\n  padding-top: 60px;\n  padding-bottom: 60px;\n  background-color: rgb(245, 247, 251);\n}\n<\/style>\n\t<\/section>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-transparent-header-light.php","meta":{"footnotes":""},"class_list":["post-1647","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/pages\/1647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/comments?post=1647"}],"version-history":[{"count":5,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/pages\/1647\/revisions"}],"predecessor-version":[{"id":5476,"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/pages\/1647\/revisions\/5476"}],"wp:attachment":[{"href":"https:\/\/elte.org.gr\/en\/wp-json\/wp\/v2\/media?parent=1647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}