How do you know if the audit firm is providing value with a quality audit?
By Joseph McCafferty
January 21, 2016
How can we tell if the external auditors are doing a good job? Often we can’t. Lots of companies have had large accounting and fraud issues blow up shortly after the external auditors issued a clean audit opinion.
Yet the question remains for the audit committee: How do we know the audit firm is providing value with a quality audit? This is a question that the Center for Audit Quality (CAQ) has worked to shed light on for years.