Audits play a vital role in society, providing valuable information to business owners, investors and the public. As today’s business environment continues to evolve and become more complex, upholding audit quality becomes more crucial than ever. The American Institute of CPAs® (AICPA®) promotes this goal through its Enhancing Audit Quality initiative (EAQ). The initiative, which started in 2014, aligns all AICPA assurance-related activities to support auditors in their quality improvement.
EAQ takes a data-driven approach to audit quality:
First, we