Quality Assurance

Precision in Every Review, Confidence in Every Audit

Independence

No Audit Clients, No Conflicts – Pure Quality Assurance Focus

Experience

15+ years of proven Quality Assurance experience

24/7 Support

Around-the-Clock Support, Steering You Forward

Reliability

Navigating Challenges with Timely Expertise

Professional – Independent – Passionate

Trusted Review,
Independent Expertise

Renzo Farrugia is recognised by the Accountancy Board as an Approved Quality Control Reviewer.

Firm Review

A Firm Review offers an independent evaluation of a practice’s governance, independence, and competence by examining its quality management systems, ethical culture, client acceptance procedures, engagement performance, and staff development, ensuring robust compliance, and continuous professional improvement across the firm.

Insightful Firm Reviews

Cold File Review

A Cold File Review offers an objective evaluation of audit documentation, financial statements, and engagement performance conducted after the independent auditor’s report has been issued, ensuring that each aspect complies with professional standards, regulatory requirements, and quality expectations through a retrospective, unbiased assessment.

Retrospective Review, Reliable Results

Hot File Review

A Hot File Review is a real-time, independent evaluation of audit documentation and engagement performance that must be completed in accordance with ISQM 2 Engagement Quality Reviews before the audit report is issued, requiring both the reviewer and the engagement partner to agree on the type of audit opinion to be expressed.

Real-Time Review, Confident Opinion

ISQM Review

An ISQM Review provides an objective evaluation of a firm’s quality management system and ISQM 1 implementation, assessing governance, risk assessment, monitoring, and remediation activities, ensuring that its policies, procedures, and oversight processes comply with professional standards, regulatory expectations, and internal quality objectives through an independent, holistic assessment.

ISQM 1 Compliance Check

Regulatory Readiness

A Regulatory Readiness (RR) Review simulates an external inspection of a firm’s quality management system and selected audit files, evaluating documentation, procedures, and compliance with standards before a regulatory visit, ensuring that potential gaps are identified and addressed in advance through a focused, practical assessment that enhances preparedness and confidence.

Prepared for QAU Visit Inspection

Restricted Review

A Restricted Review offers a targeted evaluation of high-profile or sensitive audit engagements, focusing on specific risk areas such as fraud, going concern, or related party transactions, ensuring that audit procedures, documentation, and conclusions are appropriately supported and aligned with standards, regulatory expectations, and firm quality requirements through a selective, risk-based assessment.

Take Control with Focused Reviews

Professional – Independent – Passionate

Guiding Your Road to Growth and a Bountiful Harvest

Just like a clearly marked road that leads travellers to rewarding destinations, expert guidance strengthens audit processes, ensures full compliance, and positions your firm for success. With ongoing support and actionable insights, Compass Malta empowers auditors to unlock new opportunities, elevate standards, and thrive in a dynamic and prosperous business landscape.

  • Audit with confidence. Comply with ease.

  • Insight that empowers. Support that drives.

  • Elevate your standards. Thrive ahead.

0
Recognised Quality Assurance Reviewer
0+
Years Experience in Quality Assurance Matters
0%
Quality audits. Consistent results. Satisfied clients.

Professional – Independent – Passionate

Delivering Excellence: The Pathway to Audit

The approach taken is designed to deliver consistent, high-quality audit reviews through systematic processes and professional expertise.

Terms That Build Trust

The terms of engagement establish a clear understanding between the reviewer and the auditor regarding the scope, responsibilities, and expectations of the review. This clarity helps prevent misunderstandings, manages risks, and ensures a smooth, efficient review process aligned with professional standards.

Pathway to Audit Step 1
Pathway to Audit Step 2

Your Review, Delivered with Expertise

Your review isn’t just checked off a list—it’s expertly crafted with care and sharp insight every step of the way. You’ll be involved throughout the process, ensuring transparency, collaboration, and results tailored exactly to your needs. Expect a thorough, savvy approach that turns every detail into a clear win for your audit quality.

Review Report, Insight in Every Page

Every page of the review report is crafted to deliver clear, actionable insights that empower informed decisions. The report presents findings transparently and concisely, highlighting key strengths and areas for improvement. With thorough analysis and expert attention, the report guides you toward enhanced quality and sustained success.

Pathway to Audit Step 3

Time to Connect: Start the Conversation

Professional – Independent – Passionate

 Professional Services, Clear Results

From providing ISQM 1 Manual and Quality Reviews to delivering In-house CPE activities, Audit Consultancy Services, and ISRE 2400 Reviews consultancy, every service is designed to elevate your audit quality.

ISQM 1 Future-Proof Quality

International Standard on Quality Management 1 (ISQM 1)

  • Establishes firm-wide quality management system.

  • Requires proactive risk identification and response.

  • Emphasizes leadership’s role in quality culture.

  • Mandates ongoing monitoring and improvement.

Empowering Growth from Within

Continued Professional Education (CPE)

  • Structured internal training programs.

  • Keeps professionals’ skills current.

  • Supports mandatory education requirements.

  • Enhances career growth and compliance.

Insightful Consultation, Expert Advice

Consultation

  • Offers expert audit guidance and support.

  • Identifies risks and compliance gaps.

  • Enhances audit processes and quality.

  • Supports informed audit decisions.