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Current rhetorical discourse suggests that public sector auditingpractices in Ghana are merely symbolic rather than substantive. Someadvocates have suggested that in its current state, public
Current rhetorical discourse suggests that public sector auditingpractices in Ghana are merely symbolic rather than substantive. Someadvocates have suggested that in its current state, public sector auditingonly leads toa. Blame allocationb. Blame avoidancec. Or its purification thereofUse actual examples within the public sector accountability rulespolicies, laws, practices framework in Ghana to analyse the veracity ofthe about claim. In your response, express your opinion, based onsound reasoning, abouta. The continuous relevance of auditing practices to publicsector accountability despite the growing scepticism.b Whether the current scepticism is justified.c How the current public sector accountability frameworkengenders or inhibits the relevance of auditing.Also, proffer solutions to the current challenges Share your views on how auditing as a function can improvesustainable business practices, including ethical conduct. In yourdiscussion, highlight the state of audit practices in Ghana visvissustainable business practices and ethical conduct and suggest aconceptual framework of how the existing legal regime can interactwith auditing to achieve the United Nations SDG goals You have been approached by the financial institutions DatabankFinancial Services Limited and Blackstar holdings limited to be theirauditors.a Iterate the factors that can heighten engagement risk as auditorsfor either of this companies and what kind of information youwill require to guide your decision.b Assuming you consider a riskbased strategy as an effective auditstrategy for executing your mandate, what are the probable areasof risk you will focus on and how will you test for them? To stall the rot in the public sector in Ghana, more value must beplaced on the work of the internal auditors, than on the assuranceworks of external auditors including the Audit Services Commission.Do you agree with this assertion? Support your answer with relevantconsiderations with the legal framework that governs the public sectoraccountability The dramatic collapse of the cryptocurrency exchange FTX comes justa few months after auditors from the Trump Organization resignedasking us to stop placing reliance on years of previously auditedaccounts.In the bankruptcy filings for FTX the new CEO suggests FTX is fullof "inexperienced" executives and demonstrates a "complete failure ofcorporate controls," including allegations of financial impropriety.The Year has indeed been characterized by significant auditfailures and auditors have been blamed for such spectacular collapseof corporate governance. Some critics suggest that audit practices areinherently rigid, and the methods too obscure to have mitigated thesefailures. Others argue that auditors are unfairly criticised. Where doyou stand? Justify your answer with sound reasoning.
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