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Innovation drives audit quality

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The last few years have seen considerable talk from accounting firms about audit quality and innovation, but what does that mean for businesses? In this Grant Thornton podcast, Trent Gazzaway, the firm’s national partner for quality and innovation, addresses how new, innovative approaches are driving higher quality in audits.

Gazzaway defines audit quality and discusses how innovation is creating efficiencies and insights for the client. He also describes the new innovation tools that are driving the evolution of the audit and how these tools improve audit quality. Finally, with so much talk in the industry about the audit of tomorrow, he explains what’s possible today, and how these audit innovations can help drive value throughout organizations.

Following up on the idea of audit quality and innovation, the Audit Quality and Transparency Report 2019 reflects the firm’s commitment to ensuring accurate and transparent information around the quality — and the quality control — of audits. Innovation, from tools and methodologies to training and technical competency, is a hallmark.

The report discusses the tone of professional excellence within the firm’s Audit Services practice, how structure drives high-level oversight of work and the multifaceted quality control methods that encompass strong professional standards, advanced delivery systems and risk management.

It also discusses the approach to quality control through the embodiment of Grant Thornton’s CLEARR values: collaboration, leadership, excellence, agility, respect and responsibility.

This podcast, along with the firm’s Audit Quality and Transparency Report 2019, addresses what audit quality, driven by innovation, is all about.

Listen to our podcast on how audit innovation drives quality. Then read our Audit Quality and Transparency Report 2019 for details about the people and the processes at the heart of Grant Thornton quality.

Contacts:

Trent GazzawayTrent Gazzaway
National Managing Partner
Quality & Innovation, Audit Services
T +1 704 632 6834  


Jim BurtonJim Burton
Partner in Charge
Audit Methodology
T +1 303 813 3945


Bert FoxBert Fox
National Managing Partner
Professional Standards practice
T +1 312 602 8107


Lynn TriplettLynne Triplett
Partner in Charge, Accounting Principals
T +1 312 602 8060