Views on improving the integrity of global capital markets
10 April 2015

Ensuring Audit Quality and Engaging Investors (Video)

Audit quality — how to achieve it, and what it means to the investor, auditor, company, and other stakeholders — is the topic of a discussion between Vincent Papa, PhD, CFA, director of financial reporting policy at CFA Institute, and Mark Vaessen, KPMG International global head of International Financial Reporting Standards (IFRS) activities and with leadership responsibilities related to KPMG’s Way Forward for Audit Initiative.

During the discussion Papa and Vaessen agreed that defining audit quality is challenging, with Vaessen providing his perspective on audit quality and how it is reflected in the work of KPMG. Vaessen emphasizes the importance of audit quality in light of the economic value of audit in the eyes of stakeholders and notes that in conducting conversations with stakeholders across the globe — as a part of KPMG’s Value of Audit Program — stakeholders indicated that audit quality was of crucial importance. As it relates to investor engagement in assessing the value and quality of the audit, Vaessen noted that KPMG intends to increase engagement with investors, noting: “We want to have the ultimate voice of the investor heard. Investor protection is a goal of the audit.”

View the entire interview here.

View a related post featuring Papa and Vaessen: “Auditor Report: Baseline Set, Now Searching for ‘Sweet Spot’ in Investor Communication.”

For Blogs and the Enterprise site


If you liked this post, consider subscribing to Market Integrity Insights.

Are you viewing this post on a mobile device? Download the CFA Institute app from the App Store or Google Play to watch this and other videos.


About the Author(s)
Sandy Peters, CPA, CFA

Sandy Peters, CFA, is head of financial reporting policy and serves as spokesperson for CFA Institute to key financial reporting standard setters including the IASB, FASB, and the US Securities and Exchange Commission. She holds the Certified Public Accountant (CPA) designation.

1 thought on “Ensuring Audit Quality and Engaging Investors (Video)”

  1. Audits says:

    Great guidelines for audits – many thanks for sharing!


Leave a Reply

Your email address will not be published. Required fields are marked *

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.