What is audit quality?

What is audit quality?

Audit quality refers to matters that contribute to the likelihood that the auditor will:

  • achieve the fundamental objective of obtaining reasonable assurance that the financial report as a whole is free of material misstatement; and
  • ensure material deficiencies detected are addressed or communicated through the audit report.

This includes appropriately challenging key accounting estimates and treatments that can materially affect the reported financial position and results.



Location: Connecticut, USA

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