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Audit quality control

3 March 2009 236 views 2 Comments

Greating Dear sir

Can we measure or assured the quality of audit?

With regard

kalehiwot

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2 Comments »

  • admin (author) said:

    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.

    Edgar

    # 3 March 2009 at 9:48 am
  • eish said:

    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
    Eish taneja

    # 3 March 2009 at 10:05 am

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