Audit quality has been challenged over the past few years in a way not seen before, yet many believe that audit is not broken and great strides in many areas of audit quality have been made over these very same years. However, more can be done to further enhance audit quality.

This summary of key learnings from ACCIF Audit Committee Chairs’ Independent Forum shows quality improvements can be found in recognising that audit is a dynamic process that requires continuous engagement between the auditor and company at all levels.