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Essay

Audit Function in the Post-Enron Era

Essay specific features

 

Issue:

Business

 

Written by:

Janice P

 

Date added:

July 31, 2013

 

Level:

 

Grade:

B

 

No of pages / words:

9 / 2345

 

Was viewed:

4205 times

 

Rating of current essay:

 
Essay content:

They began to emphasize too much, being a business partner to the company. They were more concerned with client revenue than the source of that revenue and independence from their client. As a result, they ignored the basic responsibility of the audit function which is self-independence. Accounting frauds were left undetected...
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Accounting frauds were left undetected. This led to the recent major corporate collapses such as Enron. As shocking as Enron is, it's only the latest in a dizzying succession of accounting meltdowns1, thus casting doubt on a once honored profession. As a result, an expectation gap occurred. The advancement of information technology did not help to ease the pressure on the audit function as well2...
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General issues of this essay:
Audit Function in the Post-Enron Era Audit Independence Audit Audit Audit audit Entrepreneurial Audit External Audit How the Sarbanes-Oxley Act will impact the audit function IMC audit Levis Audit Marketing Audit Marketing Audit mkg audit NIke Tactics and marketing function audit
 

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