Enhancing Audit Quality
The CPA profession is highly regarded for its commitment to excellence and protecting the public. In the face of increased business complexity, we must strive to continue providing quality services. As a result, the AICPA launched the Enhancing Audit Quality initiative in May 2014, followed by the 6-Point Plan to Improve Audits in May 2015. EAQ is a holistic effort to consider auditing of private entities through multiple touch points, especially where quality issues have emerged. The goal is to align the objectives of all audit-related AICPA efforts to improve audit performance.
2017 Progress in Enhancing Audit Quality

As business and regulatory environments evolve and become increasingly complex, the CPA profession’s commitment to performing quality audits becomes more essential than ever. View the “Enhancing Audit Quality: 2017 Highlights and Progress” report to learn more about how the AICPA has supported this commitment in 2017 through the EAQ initiative.
Factors Driving Single Audit Quality

An AICPA Peer Review Program study of potential quality factors found a correlation between three factors and conformity to professional standards in the sample of single audits studied. View this infographic to learn more about the factors driving quality in single audits.
Governmental Audit Quality Resources

Performing single audits requires expertise and a deep knowledge of uniform guidance. The AICPA and the profession have a long history of commitment to quality, continuous improvement and taking action to raise the bar on our performance.
The AICPA has developed numerous resources to assist you with performing governmental audits.
Governmental Auditing Competency Framework
Governmental Audit Quality Center
Governmental Auditing Standards and Single Audits - Audit Guide
Single Audit Certificate
State and Local Governments - Accounting and Auditing Guide
Uniform Guidance Resources
Employee Benefit Plan Quality Resources
The Employee Benefit Plan (EBP) financial reporting process typically involves many parties, both inside and outside the sponsor organization. Plan management hires various individuals to perform recordkeeping and reporting functions.
Further details are included in the Employee Benefit Plan Financial Statements flyer.
Access numerous resources related to audits of Employee Benefit Plans, including the
EBP Audit Certificate
EBP Audit Competency Framework and
EBP Audit Quality Center.
AICPA TV
A Data-Driven Approach to Enhancing Audit Quality
The AICPA’s Enhancing Audit Quality initiative (EAQ) aims to drive high-quality audit performance in an evolving business environment. How? By transforming audit data into valuable insights and tools to support auditors, auditees and other stakeholders.
More on AICPA TVAudit Documentation Resources

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.
Peer Review Areas of Focus
One tool to improve the consistency of quality is an increased focus by firms and peer reviewers on new industries, industries with new or rising risks, audit areas of increased risk or areas with increased inspection matters in the past.
The AICPA Peer Review Board (PRB) approved the below areas of focus:
- Independence as it relates to non-attest services provided to attest clients
- Sufficiency of audit evidence - risk assessment, internal controls, and sampling
- Employee benefit plans, including both ERISA and government pensions
- Municipal security issuers
- Single audit
- Crowdfunding and Other Small Business Capital-Raising (Regulation A+)
Read more about the emerging industries and risk areas and find resources for each.
To learn more about the Peer Review Focus Areas: Listen to the archived webcast: Surviving the Deep Dive - A Closer Look at the Peer Review Focus Areas.
Practice Monitoring of the Future

The AICPA launched a Concept paper on the future of practice monitoring in December 2014.
Access more information on the thought-provoking concept here.
Click the image below to get a close-up of how practice monitoring could look in the future.