... Factors Affecting Audit Quality in the 2007 UK Regulatory Environment: Perceptions of Chief Financial Officers, Audit Committee Chairs and Audit Engagement Partners ABSTRACT In line with ... Keywords: audit quality, regulation, audit committees; audit inspection; ISAs Factors Affecting Audit Quality in the 2007 UK Regulatory Environment :Perceptions of Chief Financial Officers, Audit Committee ... in the UK included the restructuring of the Financial Reporting Council (FRC) which took responsibility for setting auditing standards, setting ethical standards for auditors and conducting independent...