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How to Measure Audit Quality: New Tool Lays Out Common Traits

Jan. 8, 2019, 8:30 PM

Measuring how much audit quality has improved in the years since the Sarbanes-Oxley law has proven elusive to both the industry and regulators.

A new tool created by the industry’s policy arm aims to change that by offering a set of common criteria that would provide more transparency into how public accounting firms view and work to improve audit quality.

The Center for Audit Quality has been working with its member firms for more than five years to develop the framework, said Cindy Fornelli, the center’s executive director.

The document, unveiled Jan. 8, is intended to encourage firms to...

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