Audit Quality

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.

Latest news on Audit Quality:

  • Jun 04, 2015

    OSCPA works for improved audit quality in light of DOL study

    The Department of Labor (DOL) last week released its most recent audit quality study, indicating that a number of employee benefit plan audits contained issues that must be addressed. In anticipation, OSCPA has been working closely with state and national organizations to ensure members are informed and the profession is leading audit quality initiatives, particularly for the challenges of specialized industries.
  • May 21, 2015

    DOL shares audit quality concerns

    Maintaining brand integrity and credibility for the CPA credential are top priorities for OSCPA, but there is a potential threat just around the corner.
  • Jul 10, 2014

    Internal audit must add value

    Dramatic changes in business, driven largely by rapid technological advancements, require the internal audit profession to adapt its techniques, skill sets and scope of work if it hopes to enhance services in the new dynamic, according to a new report.