Enhancing Audit Quality
Welcome to the Enhancing Audit Quality (EAQ) webpage! Through our EAQ initiative, we provide you with resources and education to help you improve the quality of your audits where it's most needed.
EAQ transforms audit data into valuable insights and tools to support auditors, auditees and other stakeholders. Watch this video to learn more.
EAQ Highlights Reports
The Enhancing Audit Quality Highlights and Progress Reports detail how the AICPA supports the profession’s commitment to quality through EAQ. View the 2018 Mid-Year Progress Report for more information on:
- Peer Review
- Audit documentation
- Single audits
- Employee benefit plan audits
- Quality control
- Auditing in the Future
- What’s next for EAQ
2018 EAQ Areas of Focus
Identifying, assessing and responding to risks of material misstatement are at the core of every audit. However, in more than half of all audits, firms aren’t properly assessing risk or linking their assessment to their audit procedures.
This free risk assessment toolkit has resources to help, such as a risk assessment template, an internal inspection aid and a staff training workshop.
Auditing in the Future
Technology and emerging services are transforming the audit. We are committed to helping members understand what these technologies mean to them and how they can use them to improve the quality of their audits.
The most common audit quality issue isn’t related to a recently issued standard or a complex area of guidance—it’s a lack of adequate audit documentation.
These free audit documentation resources will help you document appropriately and comply with the standards. The toolkit includes model working papers, a tool for evaluating SOC 1 reports, a training program firms can present to their staff and more.
The AICPA Peer Review Program has undergone substantial changes since the inception of EAQ to improve detection of non-conformity and increase accountability for firms.
Learn about these efforts by visiting the Peer Review page.
Performing single audits requires expertise and a deep knowledge of the Uniform Guidance. We have numerous resources to help. Check out the AICPA’s Governmental Audit Quality Center’s (GAQC) resources, many of which can be accessed by non-GAQC members.
View this infographic to learn more about the factors driving quality in single audits.