Der Konzern: Assessment of audit quality by the audit committee - Effective quality improvement or toothless paper tiger? (in German)
Jan Bremer, Head of the Legal Department, Nico Zimmermann, Capital Market Law and Corporate Governance Officer, Deutsches Aktieninstitut, and Prof. Dr. Franca Ruhwedel, Rhine-Waal University of Applied Sciences, present the key findings of the Audit Quality Indicators & Beyond study in their article. The survey of audit committee members, CFOs and auditors shows that those involved are open to the assessment of audit quality. Criticism is expressed if such a quality review is accompanied by too much formalism. With regard to the intensity of communication between the audit committee and the auditor, there is a need for improvement.