Engagement Quality Review

Nara Advisory provides independent Engagement Quality Reviews ("EQR") designed to enhance audit quality, address complex risk areas, and support compliance with professional standards under both PCAOB AS 1220 and ISA 220. We understand that there are not many consulting firms offering EQR service. 

 

We focus on significant risk and judgmental areas, offering objective challenge, clear documentation feedback, and practical recommendations. Our approach helps audit firms strengthen their system of quality management, respond to regulatory expectations, and demonstrate a robust culture of professional skepticism.

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Key distinction of our EQR service is that we participate from the planning stages side by side with the engagement team and we discuss potential issues upfront with the engagement teams. Many instances, EQRs are given the audit files only a few days to the audit report date. However, our upfront involvement ensures that the engagement teams focus on all necessary areas prior to the audit report date.