A Comprehensive Analytical Framework of Audit Quality

Abstract

This research paper presents a comprehensive analytical framework for understanding the multifaceted dimensions of audit quality. Audit quality is integral to reliable financial reporting, fostering stakeholder confidence and supporting sound decision-making. The framework synthesizes six critical factors influencing audit quality: independence and objectivity, competence and expertise, regulatory compliance, corporate governance, technological advancements, and situational factors. These factors, along with their interrelationships, are explored in depth to provide a holistic understanding of how they collectively impact audit outcomes. The study emphasizes the dynamic interplay between regulatory frameworks, governance structures, auditor capabilities, and contextual elements, highlighting the transformative role of technology in modern audit practices. By integrating existing theoretical and empirical research, this paper aims to bridge gaps in audit quality literature, identify emerging trends such as artificial intelligence and blockchain, and propose actionable insights for future research and practice. The proposed framework offers a structured foundation for academics, practitioners, and policymakers seeking to enhance audit quality in an evolving regulatory and technological landscape.