AABE inspects audits performed by Auditors to check if they have complied with the professional standards as given by the Regulation No. 332/2014 Art. 26. The audit practice monitoring program of AABE focuses on ensuring that Auditors base their audit opinions on sufficient and appropriate audit evidence. Accordingly, Auditors work must adhere with International Standards on Auditing (ISA), International standard on quality management (ISQM 1&2), Compliance with in respect of other assurance, International Auditing and Assurance Standard Board (IAASB), its compliance with the applicable edition of IESBA code of Ethics for Professional Accountants, and any other adoption, adaption and amendments, proclamations and regulations accepted and set by AABE as stated on the proc. No.847/2014 Article 12.

Under the Practice monitoring, the process involves visiting audit firms to inspect any relevant book, audit working papers and files, documents and records in possession, or under the control of the auditor, his/her partner, employee or associated persons and make copies of or take any abstract of or extract from any such book, documents and records and Seek information or clarification from the auditor, any partner, employee or person associated with the auditor for compliances with as prescribed by AABE proc. No. 847/2014 Article 25.