Quality control in auditing

Quality control in auditing refers to the processes and procedures an auditing firm implements to ensure their work meets professional standards and is reliable. It involves reviewing and supervising audit engagements, training staff, and maintaining consistent policies to reduce errors and ensure independence and objectivity. Essentially, it’s about making sure the auditors provide accurate, unbiased, and high-quality findings, giving confidence to clients and users of the financial statements. Quality control helps firms uphold their reputation and maintain trustworthiness in their work.