Transforming the audit and expanding the talent pipeline
Members of the accounting profession continue to work to enhance the quality of audits and attract thoughtful, innovative people to the profession.
Leaders and participants in the profession’s peer review program have improved their processes and oversight to help firms recognize deficiencies and work to make sure audit issues are not repeated.
Meanwhile, the Association of International Certified Professional Accountants and its partners are developing a tool called the Dynamic Audit Solution in an effort to take advantage of emerging technology and transform how audits are performed.
To assist the profession in attracting and promoting talented people, the Center for Audit Quality has launched its Bold Ambition initiative.
With the people, technology, and review process in place, the transformed audit promises to continue delivering high-quality results in the public interest. To learn more, watch this video featuring Sue Coffey, CPA, CGMA, CEO – Public Accounting for the Association of International Certified Professional Accountants, representing AICPA & CIMA, and Center for Audit Quality CEO Julie Bell Lindsay.