Ask a question from expert

Ask now

Challenges for Auditing Profession in Australia|| Report - ACC435

7 Pages1579 Words149 Views
   

Illinois State University

   

Auditing Issues (ACC435)

   

Added on  2020-03-02

About This Document

ACC435 - The present report will taken into account the key challenges that hinder auditors’ activities and will discuss the regulatory attempts to improve audit quality in Australia. The face of auditing has also changed and it has evolved as one of the crucial tasks within the company becoming something more than just regular checking of the accounting books. Under the Australian Auditing model there are certain issues which act as challenges to the free operation of the auditors or the auditing firms.

Challenges for Auditing Profession in Australia|| Report - ACC435

   

Illinois State University

   

Auditing Issues (ACC435)

   Added on 2020-03-02

BookmarkShareRelated Documents
Challenges for Auditing profession in Australia
Challenges for Auditing Profession in Australia|| Report - ACC435_1
Table of ContentsIntroduction......................................................................................................................................3Discussion........................................................................................................................................4Conclusion.......................................................................................................................................6References........................................................................................................................................7
Challenges for Auditing Profession in Australia|| Report - ACC435_2
IntroductionAuditing has become important more than ever in this highly competitive market environment.The face of auditing has also changed and it has evolved as one of the crucial tasks within thecompany becoming something more than just regular checking of the accounting books. Thedevelopment of IT, globalisation, increase in the legal and statutory complications and theinvolvement of the different auditors in different organisations have drastically changed the faceof auditing over the years. The auditors play a critical role in the management of the financialinformation that helps to instill faith within the investors in the Australia which makes theminterested in investing money. In the recent past the corporate collapses and scandals in financialreporting have affected this profession to a large extent and led to revamp in the laws andregulations related to audit. There are several challenges which the auditors face nowadays intheir jobs that hinder their performance. Under the Australian Auditing model there are certainissues which act as challenges to the free operation of the auditors or the auditing firms(Houghton & Campbell, 2013). The present report will taken into account these key challengesthat hinder auditors’ activities and will discuss the regulatory attempts to improve audit quality inAustralia.
Challenges for Auditing Profession in Australia|| Report - ACC435_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Auditing and Assurance Services
|13
|3533
|98

Audit Report And Assurance Services Assignment
|12
|3421
|14

Auditing and Assurance Services: Analysis of Factors Impacting Audit Quality in Australia
|13
|3354
|306

Auditing and Assurance | Assignment
|14
|3622
|39

Auditing and Assurance Services
|13
|3498
|38

Role of Technology in Auditing Function
|13
|2900
|258