Can Robotic Process Automation Improve Quality Control in Audits?

The PCAOB requires that registered audit firms adhere to an audit quality control (QC) requirement: A firm of independent auditors has a responsibility to adopt a system of quality control in conducting an audit practice. Thus, a firm should establish quality control policies and procedures to provide it with reasonable assurance that its personnel comply with the standards of the PCAOB in its audit engagements. (AS 1110, “Relationship of Auditing Standards to Quality Control Standards”)..

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