News from the Centre for Audit Quality (CAQ)
2018 review of the year published
The CAQ has published its 2018 Year in Review, looking at its activities and accomplishments in supporting public company audit quality. The report highlights the CAQ’s work in improving effectiveness, its support for research and its collaboration with audit committees, investors and regulators.
New framework for audit firm quality disclosures
The CAQ has issued a new framework to help audit firms of all sizes to develop and improve their transparency or audit quality reports. The CAQ consulted with a number of its member firms to develop the guidance, which is voluntary and illustrative, flexible and relates to firm-level systems.
The framework takes these key characteristics and builds them into “points of focus’ for six aspects of audit quality, as well as providing examples of firm-level audit quality indicators.
The framework can be downloaded here.
This article was posted on Baker Tilly International Global Office website, and posted with their approval.
