FRC seeks stakeholders’ views on publicly available audit quality indicators to drive audit quality improvements

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28 Jun 2022

The Financial Reporting Council (FRC) has issued a consultation on publishing audit quality indicators (AQIs) for the largest UK audit firms, which would provide users of audited information with greater detail on audit firms’ efforts to deliver high quality audit.

The 11 proposed AQIs would provide stakeholders with a range of comparable indicators on perceived culture within an audit firm, audit quality inspection results, staff workloads, and the level of partners’ involvement in individual audits.

Responses to the consultation are requested by 18 August 2022.

A press release and the consultation document, are available on the FRC website.

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