Question
Auditors and their regulators are responsible for their current irrelevance. Like typical accountants, they seem to work and report to themselves, and very few non-accountants
Auditors and their regulators are responsible for their current irrelevance. Like typical accountants, they seem to work and report to themselves, and very few non-accountants understand what they do. a. Express your opinion about this assertion. Relate your answer to i. the historical evolution of auditing vis--vis the agency dilemma/dialectic. ii. Existing regulations and standards iii. Practical occurrence within Ghana and the rest of the world. b. Are there ways that auditors can improve the perception of the relevance of their work i. Within the scope of the existing legal and regulatory framework? ii. By introducing or amending existing regulations?
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