Effectiveness of William Buck’s Internal Quality Control System

The WBL Board believes that the Internal Quality Control Systems described in pages 16-22 of this report provide a reasonable basis for believing that assurance engagements conducted by the member firms comply with Australian Auditing and Assurance Standards, relevant ethical requirements and applicable regulatory and legal requirements.

Given William Buck’s commitment to continuous quality improvement, the Internal Quality Control System allows for the identification of areas that can be focused on for implementation improvement.

The WBL Board confirms that, while at the same time recognising the inherent limitations in providing an absolute guarantee, it is satisfied with the operation and effectiveness of its Internal Quality Control System.

Jamie McKeough Chair William Buck Group