Jon Hooper discusses oversight of statutory audit, including the two main models of audit oversight: direct oversight of auditors or oversight of professional bodies, and often a combination. He outlines the key components of audit oversight such as qualification and education, licensing, registration, quality control, complaints and discipline processes, and setting standards and policies. Hooper offers to share the UK Financial Reporting Council's methodology for overseeing professional bodies and conducting audit inspections, as well as experiences from the 34 countries of the International Forum of Independent Audit Regulators.