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Three new standards―International Standards on Quality Monitoring (ISQM) 1 and 2 and International Standard on Auditing (ISA) 220 (Revised)―aim to strengthen and modernise quality management. The standards became effective on 15 December 2022.

In 2017, PAFA issued extensive guidance on quality assurance reviews for professional accountancy organisations or regulators. The development of the guidance was funded by the African Development Bank.

PAFA is inviting Proposals from Consultants to update the guidance on quality assurance reviews considering the new ISQM, ISA 220 (Revised), and other international developments.

Consultants should carefully review the Request for Proposals (RFP) and ToR before deciding whether to submit a Proposal. A Proposal should be submitted only if the Consultant can perform the service if selected.

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