In This Section:
Professional Oversight
At Arkansas Legislative Audit, our goal is to deliver the highest quality audit services possible to the Arkansas citizens we are privileged to serve.
Arkansas Legislative Audit is a member of the American Institute of Certified Public Accountants (AICPA) Government Audit Quality Center. We are committed to adhering to the highest quality standards by voluntarily agreeing to the Center's membership requirements, which include designating a partner responsible for the quality of our governmental audit practice, establishing quality control programs, performing ongoing monitoring procedures, and making our external peer review report findings publicly available.
Quality Management Department
Government Auditing Standards (GAGAS) and the AICPA’s Quality Management Standards require audit organizations to have a system of quality management in place that is designed, implemented, and operating to provide reasonable assurance that the audit organization is fulfilling its responsibilities by performing and reporting on engagements in accordance with professional standards and applicable legal and regulatory requirements. Arkansas Legislative Audit’s system of quality management has been designed to satisfy specific objectives for governance and leadership; independence, legal and ethical requirements; acceptance, initiation, and continuance of engagements; engagement performance; human, technological, and intellectual resources; and information and communication.
Our Quality Management Department reports directly to the Legislative Auditor. This department is responsible for monitoring the design, implementation, and operation of the system of quality management; reporting on compliance with the system of quality management; and performing an annual quality management risk assessment. Other responsibilities include reviewing continuing professional education activities to ensure that professional staff maintain the competencies and capabilities necessary to perform engagements in compliance with professional standards and regulatory and legal requirements; reviewing relevant literature issued by auditing and accounting authoritative bodies; communicating with professional staff on new or amended standards; and providing assistance in the implementation of accounting and auditing standards.
External Peer Review
An external peer review is conducted in compliance with the Government Auditing Standards, 2024 Revision, which states the following: “Each audit organization conducting engagements in accordance with GAGAS must obtain an external peer review conducted by reviewers independent of the audit organization being reviewed. The peer review should be sufficient in scope to provide a reasonable basis for determining whether, for the period under review, (1) the reviewed audit organization system of quality management was suitably designed and (2) the organization is complying with its system of quality management so that it has reasonable assurance that it is fulfilling its responsibility in accordance with professional standards and performing and reporting in conformity with such standards in all material respects.”
Arkansas Legislative Audit’s external peer review is conducted every 3 years in conformity with the National State Auditors Association External Peer Review Program. The most recent peer review reflects that our system of quality control (system of quality management) is suitably designed and provides reasonable assurance of compliance with applicable standards. You can read the opinion letter here.