Demystifying audit quality indicators
Adding new dimensions to audit quality discussions during an audit
For all the talk about Audit Quality, there are few definitions of it, and companies and their audit committees struggle to properly evaluate it.
This series focuses on sharing our point of view, based in part on our participation in CPAB’s Audit Quality Indicators (AQIs) pilot. It explores what that means for audit committees and management today and how using AQIs can have a positive impact on audit quality.
2017 Transparency Report
We have deliberately set the bar high for ourselves and this report describes some of the principles, policies, standards and actions we have implemented to support our commitment to leading the profession.
Management, directors, audit committees and investors can all benefit from Deloitte’s Transparency Report. It provides an in-depth understanding of the governance structures, quality control systems and, of people that underpin our commitment to delivering the highest quality audits.
Deloitte paves the way for enhanced audit innovation and quality
A clear view of the future, significant investment and the aspiration to advance Deloitte’s audit practice
In its inaugural audit quality report, 2016 Audit Quality Report: Driving innovation, advancing quality, and shaping the profession, Deloitte reinforced its commitment to audit quality and enhancing the way audits are performed.
Deloitte in the news
Enhancing audit quality through innovation
It is refreshing to note that Canadian firms are starting to be more transparent about their commitment to quality. Such reporting may be more prevalent in Europe and the United States, but at least one Canadian firm went public, issuing its inaugural audit quality report in 2016.
Canada’s audit profession continues to transform in response to market changes, and, in so doing, sends a clear signal of its commitment to enhancing quality in the public interest.