Big 4

ARTICLE IN PRESS Accounting, Organizations and Society xxx (2009) xxxxxx content lists available at ScienceDirect Accounting, Organizations and Society diary homepage: www.elsevier.com/locate/aos Financial crisis and the suppress of the auditors Prem Sikka Centre for Global Accountability, University of Essex, Colchester, Essex CO4 3SQ, UK a r t i c l e i n f o a b s t r a c t Against the backdrop of the current ?nancial crisis, this paper seeks to stimulate debates about coeval auditing practices. It notes that many ?nancial enterprises have sought estate support in spite of appearance a short period of receiving unquali?ed audit opinion. Auditors peaceful large amounts in audit and non-audit fees. The events bring on questions about the prize of company audits, auditor independence and prime(prenominal) of audit work, stinting incentives for good audits and the knowledge base of auditors. Ã" 2009 Elsevier Ltd. only rights reserved. Introductio n international audit is promoted as a swear engendering engine room (Power, 1999) to work the public that capitalist corporations and circumspection argon not corrupted and that companies and their directors are made accountable.

In an uncertain world, corporate audits are expected to produce value by reassuring the stakeholders that the technology provides an external and objective stigmatize on the way in which the ?nancial statements have been prepared and presented, and it is an subjective part of the checks and balances required. . . Audits are a reassurance to all who have a ?nancial interest in companies (Committee on the Fi nancial Aspects of Corporate Governance, 199! 2, p. 36). Accountants, as auditors, have cemented their status and privileges on the basis of claims that their expertise enables them to mediate uncertainty and construct independent, objective, true, and bring to add upher accounts of corporate affairs. This expertise, it is claimed, enables markets, investors, employees, citizens, and the state to limit and manage risks....If you want to get a wax essay, order it on our website: BestEssayCheap.com

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