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 ...

The Public Company Accounting Oversight Board approved two new standards Monday on a firm's system of quality control and the general responsibilities of the auditor in conducting an audit, albeit ...

The International Auditing and Assurance Standards Board has released a new publication with the goal of raising awareness of the key elements of audit quality. The document, “ A Framework for Audit ...

Businesses today operate in a dynamic, fast-moving, digitally enabled, and fiercely competitive global economy. To respond, organizations must constantly adapt – and so must their auditors, by ...

Following these tips can help maintain an audit quality-control system that holds your firm to professional standards and aids in delivery of a top-notch product to clients, experts say. Focus on the ...

A power quality audit is an organized, straightforward process that allows you to assess and monitor the electrical health of your facility. While it might seem complex at first, the audit process can ...

A product audit -- often referred to as a quality audit -- is an inspection of a final product before delivering it to a supplier or a customer. Any company, including small businesses, should conduct ...

Audit firms are increasingly performing audits using data and analytics tools and techniques and have invested substantial resources in recent years into new technologies. However, auditors have ...

Reoccurring PCAOB findings with an increasing deficiency rate, in 2020, 2021, and 2022, included revenue, business combinations, and inventory. 2 Critical audit matters (CAMs) and audit committee ...

Studies of former partners of audit firms that have assumed management positions at audit clients have raised concerns, at least pre-SOX, about potentially lower audit quality, perhaps reflecting ...

Audit partners’ professional skepticism varies from high to low as the relationship between the partner and the audit client continues year after year, according to a study available at ssrn.com.

Assist in the Quality Auditor in monitoring the quality performance of existing suppliers/contractors and their ongoing approval as a supplier. Responsible for establishing the company quality policy ...