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Accounting and Corporate Regulatory Authority

Audit firms show improvements in audit quality

3 October 2017

Audience

Accountants

Accounting entities

Businesses

News Topic

Enforcement and penalties

Category

Press release

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

ACRA's latest Practice Monitoring Programme (PMP) annual report on audit inspections observed noticeable improvements in audit quality. This is significant as investors rely on high quality audits to assure themselves of the quality of financial information. To further raise audit quality standards for the accountancy sector, the Ministry of Finance and ACRA are embarking on a review of the Accountants Act, to ensure that the audit regulatory framework remains robust and progressive.

Please refer to the press release (opens in new tab) (PDF, 257KB) and PMP report for more information.