Audit & Assurance Award

Evaluation

100% automatic, from the data and evidence you submit

Minimum score to win

75 / 100

Measurement period

The last full financial year (2025); for inspection and independence results, the last 36 months

Who can apply

• An audit firm licensed by the competent professional or regulatory body in its country
• Auditing at least three public interest entities (banks, insurers or listed companies) during the period
• Practising for at least five years
• No final material regulatory or judicial sanction against the nominee during the measurement period

Indicators and weights

1. Oversight inspection result

   Result of the latest inspection by the audit oversight body or regulator within 36 months

   20%
   Show points and evidenceHide

   Points

   • No significant deficiencies100
   • Minor findings only70
   • Significant deficiencies remediated and closed30
   • Significant deficiencies still open0

   Evidence

   Oversight body's letter or report on the inspection

2. Internal quality review pass rate

   Share of engagement files reviewed under the firm's internal quality management system (ISQM 1) in 2025 rated satisfactory without significant findings

   15%
   Show points and evidenceHide

   Points

   • 97 – < 100 % 100
   • 90 – < 97 % 80
   • 80 – < 90 % 50
   • 0 – < 80 % 20

   Evidence

   Quality management monitoring report signed by the responsible partner

3. Restatement rate

   Share of public interest clients that restated statements previously audited by the firm because of a material error in the last 36 months

   15%
   Show points and evidenceHide

   Points

   • 3 – < 100 % 10
   • 1.5 – < 3 % 40
   • 0.5 – < 1.5 % 70
   • 0 – < 0.5 % 100

   Evidence

   List of public interest clients with the responsible partner's declaration and disclosure links

4. Independence breaches

   Number of independence breaches found internally or by the oversight body in the last 36 months

   15%
   Show points and evidenceHide

   Points

   • ≥ 3 0
   • 1 – < 3 50
   • 0 – < 1 100

   Evidence

   Independence register and transparency report

5. Professionally qualified share

   Share of professional audit staff holding a recognised qualification (CPA, CA, ACCA, SOCPA, CIA or equivalent) at end-2025

   10%
   Show points and evidenceHide

   Points

   • 50 – < 100 % 100
   • 35 – < 50 % 80
   • 20 – < 35 % 50
   • 0 – < 20 % 20

   Evidence

   List of professional staff and their qualifications

6. CPD hours per professional

   Average documented continuing professional development hours per professional employee in 2025

   10%
   Show points and evidenceHide

   Points

   • ≥ 60 hours 100
   • 40 – < 60 hours 80
   • 20 – < 40 hours 50
   • 0 – < 20 hours 20

   Evidence

   CPD register

7. Reports issued by the regulatory deadline

   Share of audit reports for public interest clients issued before the regulatory publication deadline in 2025

   10%
   Show points and evidenceHide

   Points

   • 99 – < 100 % 100
   • 95 – < 99 % 80
   • 85 – < 95 % 50
   • 0 – < 85 % 20

   Evidence

   List of reports with signing dates and regulatory deadlines

8. Transparency report

   Publishing an annual transparency report with audit quality indicators and the governance structure

   5%
   Show points and evidenceHide

   Points

   • Published100
   • Not published0

   Evidence

   Link to the published transparency report

Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.

1. Done

   Nominations open

   26 October 2026 · 13:10

2. Upcoming

   Nominations close

   27 November 2026 · 01:10

3. Upcoming

   Judging starts

   27 November 2026 · 01:11

4. Upcoming

   Judging ends

   4 December 2026 · 13:00

5. Upcoming

   Results announced

   4 December 2026 · 13:10

Times are in Asia/Riyadh (UTC+03:00).