Transcription of PUBLIC INSPECTIONS REPORT ON AUDIT QUALITY 2021
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PUBLIC INSPECTIONS REPORT ON AUDIT QUALITY 2021
Improving AUDIT QUALITY is a critical success factor in rebuilding confidence and the IRBA is committed to engaging with the profession, locally and internationally, to identify and rectify issues of poor AUDIT IRBA is committed to perform a gap analysis of the auditing profession and implement measures to address significant INSPECTIONS REPORT ON AUDIT QUALITY 20217TH INSPECTIONS CYCLE I 20211 PUBLIC INSPECTIONS REPORT ON AUDIT QUALITY7TH INSPECTIONS CYCLE2021 INSPECTIONS are a crucial regulatory function that gives effect to the IRBA s mandate and strategy to protect the PUBLIC interest by monitoring compliance and influencing auditors and relevant stakeholders in pursuing consistent sustainable high AUDIT QUALITY that adheres to the highest standards, while maintaining good professional IRBA wishes to commend AUDIT firms in their efforts and investment in promoting AUDIT QUALITY .
The Current Audit Landscape and the Link to Audit Quality The COVID-19 pandemic has been significantly disruptive to the economy and our way of life. However, while the pandemic has had many negative effects, it has also fostered change and forced us to re-invent many aspects of our life in a way that will have long-lasting benefits.
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