United States

External auditor assessment tool updated


The Center for Audit Quality has released an updated version of its External Auditor Assessment Tool, which is designed to assist audit committees in carrying out their responsibilities of appointing, overseeing and determining compensation for the external auditor. Among other resources, the tool includes sample questions related to:

  • The quality of services and sufficiency of resources provided by the engagement team and by the audit firm
  • Communication and interaction with the external auditor
  • Auditor independence, objectivity and professional skepticism