This report sets out the factors that contribute to a quality audit and identifies how these factors are interrelated. It calls for a debate on how to resolve these tensions and maximise audit quality.
ACCA's Tenets of a quality audit is the latest report in our tenet series and build upon the IAASB's Framework. It articulates the features that a quality audit should possess, recognising that these factors can sometimes exist in mutual tension. The report calls for a debate on how to resolve these tensions and maximise audit quality