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Deloitte continues its journey to lead in audit quality

Third annual audit quality report explores the firm’s progress in pursuit of delivering the highest standard of audit quality consistently across all audits

Toronto, December 10, 2018 – In its 2018 Audit quality report: Our priority, today and always, Deloitte provides an update on its progress to advance audit quality and outlines efforts to strengthen talent strategies, investments in innovation, and details its continuous enhancement to its quality management systems.

The report also reflects on the progress the firm has made over the past several years and describes the strong foundation Deloitte has established in pursuit of delivering the highest standard of audit quality consistently across all audits.

“At Deloitte, our pursuit of advancing audit quality means challenging ourselves to continuously raise the standard and help foster the conditions for our audit professionals to succeed every day,” said Richard Olfert, Managing Partner, Regulatory, Quality and Risk at Deloitte in Canada. “This past year we took deliberate steps to better equip ourselves to deliver this more effectively in a variety of areas, including further strengthening our public company auditing skills, advancing quality while audits are underway, and delivering more dynamic reporting capabilities. I am proud of the accomplishments we have made this year, and excited for what is to come.”

“As I look back over our last three years, I’m proud of the strong progress we’ve made toward audit quality excellence,” said Nathalie Tessier, Managing Partner, Audit & Assurance at Deloitte in Canada. “Over that time, we saw nearly half of our most technically advanced professionals rotate out of our specialist audit excellence network, taking their knowledge back to company audits. We initiated work to enhance our quality management systems—work that has made a big difference, and tripled the number of consultations performed as individual audits were underway.”

To learn more, read: Deloitte’s 2018 Audit Quality Report.

About Deloitte
Deloitte provides audit & assurance, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights and service to address clients' most complex business challenges. To learn more about how Deloitte's approximately 264,000 professionals—9,400 of whom are based in Canada—make an impact that matters, please connect with us on LinkedIn, Twitter or Facebook.

Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

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