FIVE ELEMENTS FOR A HIGHER QUALITY AUDIT ENGAGEMENT
DOI:
https://doi.org/10.56362/Rev22100079JKeywords:
audit, audit engagement, audit quality elements, audit effectiveness, and efficiencyAbstract
A quality audit engagement is completed within the planned deadlines, with minimal costs to the audit company. The prerequisites for its realization are an efficient audit firm and an efficient audit team. The paper’s subject is the consideration of five elements for a quality audit engagement. By implementing all five elements, it is possible to increase the efficiency and effectiveness of audit engagements.
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