Audit firm culture is one of the primary drivers of audit quality.

Question

Quizplus · Accepted Answer

Audit firm culture encompasses the values, attitudes, beliefs, and behaviors of an organization that shape its operations, decision-making, and interactions with stakeholders. A supportive and ethical audit culture can foster a commitment to quality, accountability, continuous improvement, and professional excellence among audit professionals, which can enhance the likelihood of delivering high-quality audit services. Conversely, a toxic or dysfunctional audit culture can erode the independence, objectivity, skepticism, and diligence of auditors, increasing their risk of producing substandard or biased audit opinions. Therefore, audit firms that prioritize and promote a positive culture are more likely to achieve and maintain high levels of audit quality.

Audit Firm Culture Is One of the Primary Drivers of Audit