Assurance Flash Report - April 2014
April 2014
The Center for Audit Quality (CAQ) has released a white paper on its approach to communicating potential Audit Quality Indicators (AQIs). In the near term, the PCAOB will also be issuing its own concept release on AQIs. Both the PCAOB’s and the CAQ’s projects on AQIs are aimed at identifying potential measures of audit quality, in addition to inspection results, which audit engagement teams and audit committees may discuss, consider, and use to gauge audit performance.