Delivering high-quality audits is our top priority, and our 2017 report explains what we are doing to innovate and drive continuous improvement in the quality of our audits. As independent auditors, we take seriously our responsibility to serve the public interest. We also recognize that we need to help our stakeholders better understand how we conduct audits and what we’re doing to improve audit quality. This report is one of the ways we provide transparency into these topics.
This year, we have expanded the number of data points we provide about our audit practice. We have also expanded our discussion of how we build and motivate high-performing teams, how we use data analytics and other technologies to audit more effectively, how we are changing our processes to help our professionals focus on identifying and responding to risks in an audit and how we are preparing for a period of unprecedented accounting change.