Quality control of audit services

Abstract

Quality control of external audit is to ensure that the audit results meet the expectations of stakeholders, as well as to respond to the challenges that are facing audits. The process of quality control of external audit includes all entities that are interested in the reliability of audit reports and providing a high level of audit services: certified auditors, audit firms, professional auditing organizations and the public. In the early 21st century, the outbreak of financial scandals and the economic crisis have created a need to increase public oversight of the audit. In this sense, quality control of external audit has become a subject of interest to professional organizations, regulatory bodies and governments. Quality control includes oversight of the audit profession, establishing rules to ensure audit quality control and imposes the use of high quality auditing standards for all audits. The goal of establishing a system of quality control firms auditing is to ensure that the registered audit firms, their partners and staff operating in accordance with international standards.