Assume you are a member of an international policy setting committee and are responsible for harmonizing audit

Question:

Assume you are a member of an international policy setting committee and are responsible for harmonizing requirements internationally. Examine Exhibit 9-8. Based on the varying requirements you observe, what minimum set of requirements would you advocate for on behalf of the international investing community? Your committee also includes delegates from Austria, Bahrain, France, Finland, Malaysia, Nigeria, Scotland, and Chile.

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...