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