Supporting quality
and trust in audit, to
build confidence in
capital markets
What we believe
Audit matters. A more robust, forward-looking audit profession is valuable to stakeholders and society, as part of a resilient financial system which prioritises sustainable growth and trusted reporting.
Future focused audit profession
Audit cannot be static. As market risks, business models and information needs change, the audit profession must be forward looking and adapt so that it provides confidence where it is needed most.
Quality and transparency remain core fundamentals of the profession – both now and in the future.
Public interest and proportionality
Governance, audit and regulation should not be a burden. A risk focused approach should ensure that the right balance is struck between protecting stakeholders while supporting the attractiveness of the UK capital market.
We must ensure that the audit market itself is resilient and provides consistently high quality audit and assurance to all stakeholders.
Corporate and audit failure
Responsibility and accountability for strong corporate governance and reporting must be balanced between directors and auditors, and sufficiently transparent to be understood by all stakeholders.
There is a need to better understand corporate health, including company culture, business model risks, and strength of controls on a timely basis, so that users of corporate information can make informed decisions.
Interested in becoming a member?
2024 Audit Trust Index
We will publish the Audit Trust Index annually to measure and track perceptions of audit trust and identify emerging trends and challenges facing the profession. The insights gathered will guide our strategic decisions, shape our work plan, and reinforce our commitment to enhancing audit quality and public trust in the UK audit landscape.
