US EditionICAEW report finds audit quality holding steady in 2024
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ICAEW report finds audit quality holding steady in 2024
The Institute of Chartered Accountants in England and Wales (ICAEW) has released its 2024 audit monitoring report, revealing that 67% of audited files were rated as either good or generally acceptable. This marks a slight decline from the 71% recorded in 2023, although the report notes that the average audit quality is likely to be higher due to the targeted selection of complex or challenging audits. The proportion of audits requiring significa…
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