Greating Dear sir
Can we measure or assured the quality of audit?
Message from Edgar
Yes, we can.
The quality of audit hinges upon principles and approach used for the purpose of validation. However, an auditor is obligated to principles/standards/experience to enable him make an opinion but not to facts/findings discovered upon implementing approach and standards. Have I answered your query properly ? if not tell please.
In my view, the quality of Audit cannot be measured but its attributes are visible to :-
a) Management by way of correct advises and correct analysis
b) Govt. and other bodies by way of correct reporting
c) Shareholder by way of correct representation of company affairs
d) competitor companies by way of correct representation
e) society by way of correctly fulffiling its responsibility
These 5 measures help in the evaluation of audit practices and evaluation
With my Regards
You must be logged in to post a comment.