企业丑闻对审计的影响 [3]
论文作者:英语论文论文属性:作业 Assignment登出时间:2015-07-25编辑:Karlie点击率:4900
论文字数:1326论文编号:org201507232019147703语种:英语 English地区:美国价格:免费论文
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摘要:本论文主要阐述了近期企业的倒闭与丑闻对审计的影响,从监督审计的几个机构与委员会出发,详细论述了专业监督对审计的规范,从而达到重建投资者、市场和公众的信心。
estor and public lost trust and confidence to the auditor.
Furthermore, Financial Reporting Council (FRC) has struggling to find out the solution of the audit market concentration. In fact, audit regulators should break up of one or more of the Big Four. By this way, largest companies will have more choice in audit market. However, this solution would require the agreement of audit regulators across the world. If this approach is being approved, the biggest issue will be solving. On the other hand, Financial Reporting Council should promote greater transparency of abilities of individual audit firm to give the public have a better understanding of auditing firm and not reliance on reputation or branding of audit, so they will have more choice in audit market. Besides that, audit regulator can introduce the legislation in audit market to other supplier such as National Audit Office and Audit Commission. This can turn all firms to an independent auditor. In addition, audit regulatory can change perceptions in order to solve the problem of lack of choice in audit market. 'Oxera (2006) concluded that unless perceptions of the non-Big Four audit firms changed, entry into the FTSE 100 and FTSE 250 audit markets would require uneconomic levels of investment.' (Richard, 2009: Online) The last solution for lack of choice in audit market is audit regulator promote merger between mid-tier firms. Merger between mid-tier firms can create audit firm comparable on scale to the Big Four firms. This will make the audit market has competitive and increase the choice of largest companies.
In the conclusion, Audit quality is important to ensure auditor meet its responsibilities to clients, general public and other parties who rely on independent auditor to maintain credibility of financial information. Auditor need to give a true and fair view in the auditor's report. Therefore, Financial Reporting Council has published today its Audit Quality Framework to ensure that high quality audits are performed, whether in the UK or overseas and regulator when undertaking and reporting on their monitoring of the audit profession. Audit regulator need to put more effort in promote their auditing to give the public better knowledge about audit work and increase their confident to the audit firms.
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