Deloitte announced its commitment to leading the profession in audit quality has been recognized with International Accounting Bulletin’s prestigious “Audit Innovation of the Year” award for its demonstrated dedication to innovation and the development of leading-edge tools to transform audit service delivery.

International Accounting Bulletin’s “Audit Innovation of the Year” award recognizes organizations that make a major impact on audit quality and client service. Entries were judged based on demonstrated improvements in quality; efficiency, accuracy and reliability; client satisfaction; uniqueness to the market; and evidence that the innovation has become a best practice.

Deloitte received the award in London at the International Accounting Bulletin Forum & Awards, a half-day event attended by global industry leaders to discuss topics impacting the accountancy landscape.

“We’re thrilled to accept this award and be recognized for our dedication to evolving the audit,” said Jon Raphael, chief innovation officer, Deloitte & Touche. “We have made a steadfast commitment to transform audit service delivery to achieve the highest quality. We are delivering a differentiated audit experience with a streamlined and intelligent approach – and meaningful insights – to better meet the needs of today’s dynamic capital markets, investors and our clients.”