In my opinion, the value of the audit is broader and more comprehensive, and the quality of the audit is one of the indicators that are used to achieve the value of the audit
In the nature of the matter, the value of the audit is more important than the quality of the audit, and the quality of the audit is one of the basic indicators of the value and importance of the audit.
In another consideration, audit quality and audit value are two separate terms, but at the same time they are interrelated together, as audit quality is part of the audit value. Therefore, the higher the audit quality percentage, the higher the audit value percentage, and vice versa. The audit quality percentage also decreases, so the audit value decreases. One of the main reasons for the high or low value of auditing is the quality of auditing
Audit value has to do with what the oragnisation will gain from conducting the audit.
Audit quality has to do with the accuracy of the information provided by the audit
The value of an audit is wide and this can be measured by the quality of work done during the audit exercise. They are interrelated words.
The audit value refers to the usefulness and relevance of the information provided by an audit, while audit quality refers to the reliability and accuracy of that information. In other words, audit value is about the usefulness of the audit to its intended users, while audit quality is about the competency and thoroughness of the audit process. It's important for an audit to have both high value and high quality in order to be effective.
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