Jul 11, 2026
To highlight some issues discussed in the article:
Audits as a shared responsibility
Audits occupy a unique position: They are paid for by companies, relied upon by investors, and essential to the public interest. They are, in effect, a “public good” delivered through private firms.
This makes the role of management, shareholders, and audit committees critical. Strong corporate governance and oversight matter. Their choices can either strengthen audit quality — or allow it to erode over time.
What audit committees should evaluate
People and leadership
Culture and controls
Independence and governance
Cross-border capability
For the full article, please click ▶Getting an audit wrong can have profound consequences for credibility