Maintaining audit quality is vital, and audit firms implement comprehensive systems of quality control to ensure their work meets the highest standards. It's crucial for professionals to use audit tools that reflect the sophistication of the entities they audit.
Understanding the elements that contribute to a high-quality audit is crucial for auditors and audit firms. In the video “Delivering high-quality audits today and in the future,”Susan S. Coffey and Julie Bell Lindsay examine how auditors can enhance the quality of their work, contributing to the integrity and reliability of financial reporting.
Accountants delivering high-quality audits today and in the future
Auditors must comply with strict independence requirements, and firms have systems of quality control that help them deliver outstanding work. Professionals also need to make sure that the tools they use match the sophistication of the entities being audited.
Susan S. Coffey, CPA, CGMA, CEO of Public Accounting at AICPA® & CIMA®, and Center for Audit Quality CEO Julie Bell Lindsay discuss several factors that contribute to the delivery of a high-quality audit.
To learn more, watch the video and read these 5 tips for maintaining audit quality today and in the future to get an insider’s view of how the accounting profession is advancing audit quality.