The current national quality assurance systems differ in several aspects such as the scope of the quality review, being mandatory or voluntary, the cycle of coverage and the existence of public reporting. Such differences make it difficult to assess whether national quality assurance systems meet relevant minimum requirements.
The Institute of Chartered Accountants of Bangladesh (ICAB), Institute of Chartered Accountants of India (ICAI) and Institute of Chartered Accountants of Pakistan (ICAP) have established the Quality Assurance Review Program as a measure to assess and keep upgraded the quality of services of their members. The recent initiatives of these SAFA member bodies have included review of the extant framework in the light of the related pronouncements of the International Federation of Accountants (IFAC). ICAB and ICAI carry out this program on a “Peer Review” basis while ICAP conduct this program by employing full time independent chartered accountants.