scholarly journals De waarde van Audit Quality Indicators bij de rol van de auditcommissie in relatie tot de accountant

2021 ◽  
Vol 95 (1/2) ◽  
pp. 65-76 ◽  
Author(s):  
Auke de Bos ◽  
Martijn de Jong
Keyword(s):  
Quality Indicators ◽  
Audit Quality ◽  
Door Deze

Audit Quality Indicators (AQI’s) kunnen een ondersteunende rol bieden bij het beoordelen van en sturen op de kwaliteit van de wettelijke controle (hierna: controlekwaliteit). Dit artikel geeft invulling aan AQI’s voor gebruik door auditcommissies. Hiervoor is gebruik gemaakt van een bestaande Canadese set aan AQI’s die zijn toegepast op de Nederlandse verantwoordelijkheden van auditcommissies. Waar nodig zijn de AQI’s uitgebreid en aangepast. Er is nog weinig onderzoek gedaan naar de toegevoegde waarde van AQI’s voor de auditcommissie. Voorlopig kan geconcludeerd worden dat AQI’s voor auditcommissies meer ondersteunend zijn dan cruciaal. De AQI’s vergroten de informatievoorziening naar de auditcommissie voor het uitvoeren van hun taken en het nemen van beslissingen ten aanzien van de accountant, maar lijken (nog) geen alomvattend wondermiddel. Het advies is om auditcommissies in het verslag van de raad van commissarissen melding te laten maken van de mate van gebruik van AQI’s. Door deze informatie met alle belanghebbenden te delen wordt de kennis en waarde van AQI’s breder bekend en gedeeld. De conclusies op basis van de AQI’s kunnen samen met de andere elementen een rol spelen bij het evalueren van het functioneren van de accountant en het sturen op de controlekwaliteit. Ten slotte is duidelijk dat (nog) niet voor iedere rol/taak van de auditcommissie geschikte AQI’s beschikbaar zijn.

scholarly journals Audit Quality Indicators: Insights from the Academic Literature

2012 ◽  
Author(s):  
W. Robert Knechel ◽  
Gopal V. Krishnan ◽  
Mikhail Pevzner ◽  
Lori B Shefchik ◽  
Uma Velury
Keyword(s):  
Quality Indicators ◽  
Audit Quality ◽  
Academic Literature

scholarly journals The measurement of audit quality in the Netherlands: a practical note

2021 ◽  
Vol 95 (1/2) ◽  
pp. 17-31 ◽  
Author(s):  
Tjibbe Bosman
Keyword(s):  
The Netherlands ◽  
Quality Indicators ◽  
Audit Quality ◽  
Quality Measures ◽  
Information Value ◽  
Quality Data ◽  
Wide Range ◽  
Different Types

Several committees, institutions, and practitioners are currently working on defining appropriate, and reliable Audit Quality Indicators (AQIs). The experiences the Foundation for Auditing Research (FAR) made with collecting audit quality data may inform the search for appropriate and reliable AQIs. In this paper I discuss different types of audit (quality) measures and their availability in the Netherlands. Furthermore, I discuss the (potential) information value, limitations, and recommendations for a wide range of audit quality measures and sources.

scholarly journals The different shades of audit quality: A review of the academic literature

2021 ◽  
Vol 95 (1/2) ◽  
pp. 5-15 ◽  
Author(s):  
Dominic Detzen ◽  
Anna Gold
Keyword(s):  
Social Interactions ◽  
Quality Indicators ◽  
Historical Development ◽  
Audit Quality ◽  
Contextual Factors ◽  
Adverse Outcomes ◽  
Academic Literature

This paper reviews the academic literature on the different conceptualizations of audit quality. We argue that these discussions are rooted in the historical development of the audit profession, which has shown the need for audit quality indicators. However, we also demonstrate that audit quality means different things to different people, such that different conceptualizations of audit quality may lead to conflicts, as these views meet and need to be reconciled. The literature largely recognizes the multi-faceted nature of audit quality, which cannot be simply measured by a focus on adverse outcomes, such as restatements or fraud incidents. Instead, it is the combination of process, people and motivation that drives the quality of audit services provided by firms. Finally, the qualitative audit literature emphasizes that audit practice needs to be understood as a set of social interactions, which are embedded in a diverse set of organizational and contextual factors that together determine audit judgments and auditor behavior.

scholarly journals Showcasing Audit Quality through Voluntary Public Disclosure of Audit Quality Indicators

2021 ◽  
Author(s):  
Owen Brown ◽  
Velina Popova
Keyword(s):  
Quality Indicators ◽  
Audit Quality ◽  
Quality Enhancement ◽  
Individual Investors ◽  
Public Disclosure ◽  
Public Accounting ◽  
Accounting Firms ◽  
Audit Firm ◽  
Stakeholder Groups ◽  
Public Accounting Firms

Public accounting firms continuously invest significant resources into enhancing audit quality. In this paper, we summarize Brown and Popova’s (2019) key findings related to public disclosure of audit quality indicators (AQIs) and discuss important implications for audit practitioners. Specifically, we discuss the current landscape of AQI disclosure from a regulatory and practitioner standpoint, and we provide recommendations for audit practitioners to consider when developing their own framework for AQI disclosure. Finally, we discuss how important stakeholder groups such as individual investors are influenced by AQI disclosures when making significant decisions concerning the audit firm (e.g., making auditor ratification decisions) and the audit client (e.g., making investment changes). The insights provided in our summary inform audit practitioners on how to showcase their audit quality enhancement efforts through voluntary AQI disclosure.

Audit Quality Indicators: A Status Update on Possible Public Disclosures and Insights from Audit Practice

2010 ◽  
Vol 4 (1) ◽  
pp. C12-C19 ◽  
Author(s):  
Jean C. Bedard ◽  
Karla M. Johnstone ◽  
Edward F. Smith
Keyword(s):  
Advisory Committee ◽  
Quality Indicators ◽  
Audit Quality ◽  
Public Reporting ◽  
Global Network ◽  
Current Status ◽  
Sarbanes Oxley ◽  
Public Disclosures ◽  
The U.S

SUMMARY: This paper addresses the current status of the recommendation by the Advisory Committee on the Auditing Profession (ACAP) that auditing firms provide periodic reporting on audit quality indicators. We first consider several reasons why public reporting of audit quality indicators in the U.S. is highly controversial. We then report some information on how global network auditing firms are internally measuring audit quality in the post-Sarbanes-Oxley environment.

scholarly journals Audit quality indicators: ervaringen in het buitenland beschouwd

2021 ◽  
Vol 95 (1/2) ◽  
pp. 77-85
Author(s):  
Melissa van den Broek ◽  
Martijn Duffels
Keyword(s):  
Quality Indicators ◽  
Audit Quality

Audit Quality Indicators (AQI’s) zijn een hot topic in binnen- en buitenland. In Nederland volgt de recente aandacht voor AQI’s uit de aanbevelingen van de Commissie toekomst accountancysector (CTA) en de werkzaamheden van de kwartiermakers op dit vlak. In het buitenland – in het bijzonder in Canada, Singapore en Zuid-Afrika – bestaat ervaring met de ontwikkeling en praktische toepassing van AQI’s. In deze bijdrage staan de ervaringen met AQI’s uit deze drie landen centraal en volgt een vergelijking op enkele belangrijke onderdelen. Deze bijdrage behandelt de kijk van de toezichthouders op het concept AQI’s, de belangrijkste doelgroepen van AQI’s, de benadering ten aanzien van (de selectie van) relevante AQI’s, de rol van de toezichthouder, en de wijze van communicatie over AQI’s. Ook schenkt deze bijdrage aandacht aan overige relevante ontwikkelingen elders in het buitenland en wordt de Nederlandse praktijk op basis van een quick scan op hoofdlijnen afgezet tegen deze internationale ontwikkelingen en ervaringen. De bijdrage eindigt met de aanbevelingen om de ontwikkelingen in het buitenland te blijven volgen en om de afsluitende observaties als lessen of relevante achtergrond mee te nemen voor een duurzame ontwikkeling en bestendiging van AQI’s in Nederland.

scholarly journals The PCAOB Audit Quality Indicator Framework Project: Feedback From Stakeholders

2019 ◽  
Vol 16 (1) ◽  
pp. 1-8 ◽  
Author(s):  
Arianna S. Pinello ◽  
Ara G. Volkan ◽  
Justin Franklin ◽  
Michael Levatino ◽  
Kimberlee Tiernan
Keyword(s):  
Quality Indicators ◽  
Financial Reporting ◽  
Audit Quality ◽  
The United States ◽  
Audit Committees ◽  
Tone At The Top ◽  
Reporting Framework ◽  
Public Company ◽  
Auditor Reporting ◽  
The U.S

Audit Quality Indicators (AQIs), as defined by the Center for Audit Quality, include four different elements:firm leadership and tone at the top; engagement team knowledge, experience, and workload; monitoring; and auditor reporting. AQIs are quantitative and qualitative measures designed to improve audit quality and help audit committees select the best audit firm for their current needs. They are intended to increase the reliability and accuracy of financial reporting. The Public Company Accounting Oversight Board (PCAOB) has issued a concept release proposing twenty-eight potential AQIs for use in the United States. The PCAOB release describes the AQI reporting framework and asks for public opinion on whether or not it should be implemented. This study reviews the comment letters in response to PCAOB Docket 041,Concept Release on Audit Quality Indicators, and the AQI reporting frameworks currently in place in the United Kingdom, Singapore, and other countries. After reviewing the PCAOB’s proposed AQI framework, response letters to Docket 041, and the AQI frameworks used in other countries, this paper provides an opinion on how the PCAOB should proceed with the AQI framework initiative in the U.S. The analysis suggests that AQI reporting should not be mandated in the U.S., but should become a flexible and voluntary framework that provides valuable information, enhances transparency in the audit profession, and establishes a commitment to the improvement of audit quality.

scholarly journals The Development of Audit Quality Indicators

2018 ◽  
Vol 6 (1) ◽  
Author(s):  
Harold Thompson LITTLE ◽  
Jenna M. Lehkamp
Keyword(s):  
Quality Indicators ◽  
Audit Quality
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