audit questions

The W Wallace 2004 paper discusses key sources of the demand for audit. In the paper she posits that Information theory helps to address: A the corporate governance problem Basymmetry of information concerns by capital providers the agency (stewardship problem) the insurance problem Question 17 1 Point in Flint's 1988 book he describes audit as a social phenomenon and argues that audit needs to have: Some defining characteristics to differentiate audit from other investigatory, monitoring and reporting functions B a theory built piecemeal responding to evolving situations a single unified, underlying theory a role in sustainability reporting