FRC publishes new audit quality indicators for the largest UK audit firms
09 Dec, 2022
Following a positive response to its consultation earlier in the year, the Financial Reporting Council (FRC) has published 11 new firm-level Audit Quality Indicators (AQIs) for the largest UK audit firms.
The AQIs will provide users of audit services provided by the largest UK audit firms with more information about factors that drive audit quality and help them make an informed choice when selecting an auditor.
The 11 AQIs include 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 audits.
A press release and the AQIs are available on the FRC website. Our UK Accounting Plus news item on the consultation is available here.
