A Global Examination of Audit Quality and its Contribution to Transparent Financial Reporting

Abstract : In the context of corporate governance, this article offers a worldwide analysis of the connection between audit quality and financial reporting transparency. The study synthesizes results from professional literature, regulatory frameworks, and scholarly research using document analysis and grounded theory to determine the factors that influence audit quality. Alongside legislative actions and corporate governance procedures, important factors such audit firm size, auditor tenure, industry specialization, and audit fees are assessed. According to the analysis, audit quality strengthens the independence, skill, and moral behaviour of auditors, which greatly increases the credibility and dependability of financial disclosures. Simultaneously, it has been demonstrated that robust governance procedures, efficient regulatory supervision, and developing institutional and technology frameworks are necessary for financial reporting transparency. The results demonstrate how audit quality and transparency are interdependent and how they work together to promote investor trust, accountability, and long-term market expansion. By providing insights into how worldwide differences in audit procedures and governance contexts impact financial reporting transparency, the study advances both professional practice and scholarly discourse.