A commitment to excellence and protecting the public are defining qualities of what it means to be a CPA. However, despite the hard work of the CPA profession, there have been challenges to maintaining audit quality, especially in specialized industries. The Department of Labor has released a report
showing significant audit failure rates in employee benefit plan audits.
Quality is a core tenet of what CPAs stand for and we want to help you and your team maintain that strong commitment to excellent work. OSCPA and the AICPA are working together to identify both near and long-term solutions to ensure quality audit work in all cases.
Read the latest developments here and take advantage of OSCPA member resources to ensure your team is using best practice standards to conduct high-quality engagements.