Quality audit work supports a functioning economy and protects the public interest.
The accounting profession’s dedication to audit quality is underpinned by independent regulatory mechanisms that include licensing, peer review, and standard-setting bodies, creating a robust public-protection framework.
Accounting firms audit public and private companies, not-for-profits, and government entities. An audit is a thorough, evidence-based, independent examination of an organization’s financial data and other relevant information conducted by highly qualified professionals who provide confidence to the organization and its stakeholders.