Audit quality

We’re committed to delivering consistently high quality audits that meet the needs of investors, the organisations we audit and wider stakeholders.

Quality remains our top priority and we continue to invest significantly in our audit practice. We have a detailed Single Quality Plan (SQP) which sets out all of our activities that are fundamental to delivering high quality work.

Audit Quality Measures

86%

FY22: 85%

Of respondents to our annual audit culture survey feel proud of the quality of our audit work.

85%

FY22: 87%

The percentage of audit files inspected through Audit Quality Review (AQR), Quality Assurance Department (QAD) and Engagement Quality Review (EQR) inspection processes that were rated good or limited improvements required (or equivalent rating).

4.5/5

FY22: 4.2/5

The average score audit committees and those charged with governance rated our overall audit quality.

Read the FRC's findings on key matters relevant to our audit quality

Download our Audit quality chapter in full

Find out how we build trust in the charity sector through audit

Working with the organisations we audit

Receiving high quality, timely information and supporting evidence is crucial to a well executed audit. Our teams are focused on effective client contracting and having open and transparent conversations with the organisations we audit to facilitate quality deliverables.

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Firmwide governance Audit quality People

Technology Building trust Ethics and independence

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Transparency Report

Our Transparency Report provides information on the firm’s systems of quality control over audits.

Audit quality

Quality remains our top priority and we’re committed to delivering consistently high quality audits that meet the needs of investors, the organisations we audit and wider stakeholders.

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People

Ensuring our teams are made up of the right people with the right skills is crucial to quality.

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Culture

Our audit culture is fundamental to high quality and enables our teams to perform rigorous and challenging audits.

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Technology

Our human-led, tech-powered approach brings together the deep knowledge of our auditors with powerful technology, tools and capabilities, developed both in-house and by our technology alliance partners.

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Non-financial assurance

Non-financial reporting is becoming increasingly important as organisations are being judged on more than just financial performance, with stakeholders calling for reporting they can trust on areas such as ESG and controls reporting.

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