Supporting International Standards

Audit Quality in a Multidisciplinary Firm

September 25, 2019

Developed in partnership with Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA), this report looks at the evidence surrounding the multidisciplinary model and its relationship with audit quality.

It draws from leading academic literature, policy and expert views, and an in-depth study of how regulators worldwide manage risk.

What the Evidence Shows

As users of corporate reports demand more information on a broader range of matters, professional services firms have risen to the challenge. The advent of the multidisciplinary firm is the response to meeting current business needs and anticipating emerging demands.

The report shows, by review of research and other related literature, that the multidisciplinary model is one of the best mechanisms to develop the skills, expertise and consistency needed for quality audits. This report is meant to contribute constructively to the international debate on the multidisciplinary firm business model and auditors providing non-audit services.

 

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.