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Modular approach to audit isn't actually a bad idea!

Updated: Jul 16, 2019

But what else can we do to improve our audit quality?

The Institute of Chartered Accountants Australia and New Zealand (ICAANZ) last month wrote an article titled "Modular thinking - the future of audit?". The article leverages off the Brydon Review; a result of the various scandals which have plagued some of the larger accounting firms in the United Kingdom over the last year. You can read Accountancy Age's list of scandals from 2018 here