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Perspectives

Audit quality

Our responsibility, our commitment

At Deloitte, we are committed to transparency and believe that our clients and the capital markets benefit from public information about the key elements that drive quality in the auditing profession. This report outlines our commitment to audit quality and our vision for a vibrant future.

US Audit Quality Report 2018

At Deloitte, audit quality is our highest priority. Quality informs every aspect of our Audit & Assurance practice, from strategy to delivery, and guides every step we take to support and develop our professionals. Our pursuit of audit quality is at the center of our culture of continuous improvement and innovation, as we seek to make our best work today even better tomorrow. 

This report focuses on the steps we are taking to further enhance audit quality; the investments we are making to transform the audit; and our commitment to embracing a bold, new mindset as we continue shaping the future of the audit profession.

Transforming the audit through innovation

We are committed to transforming the audit through innovation and continuously evolve the way we execute high-quality audit services. When we imagine the audit of the future, we see it as an even more valuable enabler of our vibrant capital markets—an audit that leverages advanced technology solutions and data analytics, embodies continuous innovation, applies agile auditing, is grounded by risk-based methodology and workflows and showcases the skills and experience of our professionals. By harnessing these capabilities, we are elevating quality, providing objective insights, and delivering a differentiated audit.

Our commitment to quality, proven innovation, and diversity of thought are the cornerstone of our transformation efforts. To date, we have invested several hundred million dollars to transform the audit. Our dedicated Audit Transformation team of nearly 350 global professionals draws on the resources and best thinking from across Deloitte’s multidisciplinary organization and the global network of member firms. The team collaborates with technical specialists, developers, designers, consultants, data scientists, and strategists to create innovative solutions and approaches that are transforming the way we deliver the audit.

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Investing in tomorrow's talent

Deloitte is a recognized leader and employer of choice, with a leadership environment focused on the development and well-being of our professionals. We have been at the forefront of fostering an inclusive culture that invites authenticity, cultivates a sense of community, values diverse experiences and perspectives, and enables our professionals to play to their unique strengths. We are consistently ranked as one of the best places to work and honored for our inclusive culture and increasingly diverse workforce. On our most recent annual talent survey, Audit & Assurance professionals indicated they were proud to be a part of Deloitte, reinforcing our spot on the Fortune 100 Best Places to Work list.

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Excellence, every day

Rooted in our commitment to continuously improve audit quality, we are hard at work shaping the audit of the future with a laser focus on engaging with stakeholders and regulators, investing in our professionals, and innovating how we deliver audits—never losing sight of our responsibility to our clients and the capital markets.

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