Imagine the final stages of an audit engagement are due in the next few days. During this concluding phase, you anxiously await forthcoming review points from the engagement quality (EQ) reviewer. The ...

The Public Company Accounting Oversight Board has been requiring auditing firms to conduct engagement quality reviews ever since 2009 as a way to improve audit quality, but the number of auditing ...

Peer reviews improve the quality of services that firms and individuals provide by ensuring auditors comply with professional standards when designing systems of quality control and performing their ...

The Public Company Accounting Oversight Board is providing guidance on how audit firm culture can contribute to audit quality, along with insights for auditors on improving audit committee ...

The inspection reports will flag deficiencies and areas of improvement in the audit of financial statements of these ...

The Accounting and Financial Reporting Council (AFRC) in Hong Kong has released an article drawing on insights from transparency reports released by audit companies. The article, entitled Transparency ...

Hoopes, Jeffrey L., Kenneth J. Merkley, Joseph Pacelli, and Joseph H. Schroeder. "Audit Personnel Salaries and Audit Quality." Review of Accounting Studies 23, no. 3 ...

A recent study demonstrates that the use of artificial intelligence is significantly improving the quality and efficiency of financial statement audits, as well as displacing audit professionals. A ...