The purpose of the closing meeting is to go through the findings, agree to them and to agree on a corrective action plan which sets out areas for improvement, actions, and timeframes. Corrective actions should focus on long term sustainable solutions which take account of the root cause of any problem. This meeting should involve all those attending the opening meeting. It is crucial that the person responsible for correcting non-compliances and submitting these corrections on the platform, be present during this meeting.
Audit companies should implement measures to ensure all auditors adhere to this APM requirement. In an event where a closing meeting is not held by an auditor and on the same day the audit was concluded, SIZA will implement penalties that may result in suspension of the auditor/audit company.