A culture built to deliver quality audits
At BDO, quality is at the core of every decision, investment and judgment we make.
Audit quality forms the foundation of trust in financial markets. Providing effective, efficient, technology-enabled and technically compliant audits is crucial to gain confidence from regulators, investors and other stakeholders.
Our clients can expect a thoughtful audit experience delivered by highly skilled and properly supervised teams. We provide investors and other users of the financial statements with independent audits conducted by professionals who maintain deep industry knowledge, embrace technology and data analytics, and apply a reliable professional judgment framework to deliver a precise and comprehensive audit.
Our teams work to enhance quality not only through complying with auditing standards but also by:
- Gaining a deep understanding of our clients’ businesses to identify and respond to relevant audit risks;
- Timely identifying and resolving issues through thoughtful project management and audit phasing; and
- Providing timely insights through exceptional client communication.
Our Approach to Audit Quality
Our commitment to quality and mindset of continuous improvement reflects our core purpose and values. Quality is a balance of state of mind, design, and execution. To achieve this balance, we have taken an intentional, systematic approach toward:
Maintaining a culture of continuous learning, coaching, review, and consultation.
Fiercely challenging assumptions and exercising professional skepticism.
Leveraging the ingenuity of our people to build on and lean into technological advancements.
Fostering an environment that expects professional commitment and pride in consistently delivering our best work.
Continuously strengthening our quality management system to achieve lasting and impactful results.
Transformative Actions Driving High Quality Audits
Our focus is on a deliberate and sustainable approach to strengthen our overall system of quality management and the standardization of certain policies, processes, and controls with data and transformative technology as the backbone of our transformation. This is further allowing us to better manage and monitor risks while maintaining consistency and reliability across our audits.
The significant investments BDO has made over the past several years in our infrastructure, methodology, processes, and our people are positively impacting our audit quality. Learn more about the transformative actions we are continuing to take to drive high quality audits.
Our Future in Focus: Audit Innovation and Enablement
By investing in our audit methodology, technology, and practical learning programs, we are equipping our professionals with the resources and opportunities they need to think critically and conduct audits to the highest standards, fulfilling our commitment to quality.
We are further committed to aligning our assurance strategy and deploying resources to manage necessary change and adapt to emerging global opportunities and risks impacting our clients such as economic conditions, technology, and evolving laws and regulations.
Our actions are designed to continuously improve our quality, being transparent about the opportunities and challenges we face, and sharing publicly how we are addressing them to reinforce the confidence of the capital markets.
Audit Insights
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