FRC report sets out what it expects from audit firms to deliver high quality audit
A new report from the UK Financial Reporting Council (FRC) has set out the key elements required by audit firms to ensure they are delivering high quality audit. The FRC’s report, What Makes a Good Audit?, highlights the six key attributes that contribute to the running of high-quality audit practices such as the culture, governance and leadership of the firms, alongside their investment in well qualified people, training and processes.
The full report is on the FRC website: What makes a good audit?
LOADING...