1. Distinguish between the terms Audit Quality and Quality Audit from the perspectives of

1. The Academician; and
2. The Regulator and Practitioner of the Accounting Profession

2. It is believed that to achieve quality audit, quality auditing standards must be complied with and the auditors compliance with these quality standards will largely depend on the auditors resources at his disposal and how effectively he is monitored by his professions regulator.

Required:

With empirical evidence,

1. Examine the factors influencing the level and extent of compliance with audit quality standards (ISA 220 and ISQC 1) by auditing firms in Ghana.
2. Evaluate the impact of the regulators monitoring on compliance with audit quality Standards in any developing economy of your choice;
3. Assess the effect of the auditors audit resources on audit quality;