A few years ago, I sat in on the closing meeting of an aerospace supplier's AS9100 surveillance audit. The auditor ask ...

The International Auditing and Assurance Standards Board approved a new and revised set of quality management standards Wednesday for auditors to use around the world, starting at the end of 2022, and ...

The CA Institute has said that its newly-issued audit firm quality management standards do not fall within the definition of “auditing standards”. These two standards —SQM 1 and SQM 2 — issued on ...

What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through ...

NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes ...

The evolving, risk-based approach to audit firm quality management is consistent with a trend that has become well established in the accounting profession. Over the past 15 years or so, leaders of ...

The Auditing Standards Board of the American Institute of CPAs has issued a suite of eight new standards on risk assessment that should significantly improve the quality of audits of private companies ...

Editor’s note: This article is the first in a series to help practitioners learn about the AICPA’s new quality management standards and prepare to implement them. In June 2022, the AICPA’s Auditing ...

CHICAGO--(BUSINESS WIRE)--Key Highlights: BDO has formed an Audit Quality Advisory Council and restructured its Assurance practice to strengthen the firm’s governance in fulfilling its public interest ...

CHICAGO, Jan. 21, 2025 /PRNewswire/ -- RSM US LLP ("RSM") – the leading provider of assurance, tax and consulting services for the middle market – has established an Audit Quality Board. RSM US LLP ...

Ole-Kristian Hope is the Deloitte Professor of Accounting at the University of Toronto's Rotman School of Management. He teaches Commerce, MBA, and PhD courses in accounting. He has broad research ...

A quality audit is a review of the performance of one area of a business and an analysis of why the results occurred. Even small businesses can benefit from simple quality audits, which can help spot ...