Tenets of a quality audit

15 February 2018

Published: IFAC – ACCA Think ahead

By: Andrew Gambier – ACCA

Quality auditing remains vital to public confidence and there is keen interest in initiatives that help keep up the pace of improvement.

Standard setting

In 2014, the International Auditing and Assurance Standards Board (IAASB) issued ‘A Framework for Audit Quality’, which aimed to raise awareness of the key elements of audit quality, encourage key stakeholders to explore ways to improve audit quality and facilitate greater dialogue between stakeholders on the topic.

Driving the debate

ACCA’s Tenets of a quality audit  (see right) build upon the IAASB’s Framework and articulate the features that a quality audit should possess, recognising that these factors can sometimes exist in mutual tension.

An ongoing open and honest debate is needed about how audit quality can be maximised.

Owing to the way the factors interrelate, in some areas there may be different views about how best to achieve audit quality. In part, these views will be influenced by the political, economic and social environment, as well as technological developments. Hence, the notion of what makes up a quality audit may change over time.

IAASB’s Framework for Audit Quality



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