A quality audit is a review of the performance of one area of a business and an analysis of why the results occurred. Even small businesses can benefit from simple quality audits, which can help spot ...

Please note: This item is from our archives and was published in 2020. It is provided for historical reference. The content may be out of date and links may no longer function. The new ...

Companies, government agencies and nonprofit organizations use auditing practices to manage compliance with internal controls. For example, an auditor looks for inconsistencies in financial records.

Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, ...

The accounting profession’s pursuit of quality in auditing has led CPAs and regulators to consider what factors might correlate with high-quality performance on an engagement. A new study by the AICPA ...

How often and how much does your firm think about quality? Every auditor is, by nature, committed to quality. Every firm has final quality control steps built into its production process. However, ...

Question: What is the time frame requirement with regard to post-closing quality control (QC) audits? In short, when must they be completed? Answer: HUD and VA require that FHA and VA loans be ...

The report shows that 73% of the audits reviewed in 2025 were rated as good or generally acceptable.

What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through ...