Mukoro, D. O. (2015) AUDITING PROFESSION IN PERIL: TIME IS RUNNING OUT. BEST Journal Publications. pp. 1-9.
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Abstract
There is increasing demand in auditors by regulators, third parties and users of their services in terms of their responsibilities and duties to perform. This is because, it is auditor's opinion that furnishes investors with critical assurance that the financial statement have been subjected to a rigorous examination by an objective, impartial, and skilled professional, and that investors, therefore, can rely on them. The auditor as a professional is dependent on his skill and professional competence for livelihood. But where audit fee keep dwindling with increasing risk; and other accounting services are available for the auditor, he might take up such opportunity. This paper examine why auditing is proving risky and expensive and concluded that the profession, the regulators and users of their services come together to review the profession, it might be difficult to source auditors in future.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 12 Mar 2015 01:46 |
| Last Modified: | 12 Mar 2015 01:46 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/3850 |
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