Enhancing Audit Quality 2025 Highlights Report

During 2025, audit and assurance professionals continued to operate in an environment marked by sustained economic uncertainty, evolving regulatory expectations, ongoing workforce constraints, and rapid advances in technology. Elevated interest rates, continued inflationary pressures in certain sectors, geopolitical instability, and increased focus on supply chains and liquidity heightened risks for many entities and increased the complexity of audit engagements.

In 2025, the EAQ initiative continued to emphasize areas where practitioners historically face challenges, while also responding to emerging risks identified