There has been much discussion in the profession and by our regulators as to what "audit quality" means. Is it a concept - an absolute truth? Is it just a mindset? Can you judge it by results (e.g., PCAOB inspection findings, restatements, etc.)?

Please write an essay of about 3-4 pages on what "Audit Quality" means to you based on your assigned readings and podcast, and other research you choose to perform. Consider:

what audit quality means in theory and in practice; whether (i.e., "if") it can be improved; and if so, how.