Audit Firms Empowered to Restore Public Trust in Financial Reporting
This article discusses ways to improve the quality of audits conducted by audit firms. It highlights the importance of ensuring accurate financial information is provided by businesses to the public. The researchers suggest methods to create better internal audit control systems and provide tips to enhance the reporting data of audit firms. They identify key elements for maintaining quality in the audit process and address the need to boost external oversight. By implementing these suggestions, audit firms can become more competitive and move toward more effective auditing practices during challenging times in the industry.