Audit methodology: is it fit for purpose?

With auditors under heavy scrutiny and a litany of audit failures at listed companies, Sarah Perrin ACA asks whether the fundamentals of audit are actually working and how technology could improve the quality of audit

Earlier this month, a major independent inquiry into the future of audit was launched by the Audit Quality Forum, involving the Department for Business, Energy and Industrial Strategy (BEIS), the Financial Reporting Council (FRC) and ICAEW.