Buy custom Audit Function in the Post-Enron Era
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2345 |
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Surveillance activities need to be established in order to monitor compliance with the standards of the quality of the audit work performed4. By having these surveillance programs in place, the integrity of corporations will be ensured. Compliance with the standards will also maintain a properly informed market and promotes investor confidence in the market...
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Harsh penalties will need to be meted out to those not following the standards. Besides that, the quality of the disciplinary procedures needs to be improved to ensure un-biasness. A new disciplinary board5 needs to be established by outsiders (due to questions being raised about the profession's integrity), with actual authority given by the government to carry out the disciplinary procedures, issuing out specific requirements and penalties...
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General points of the essay
Audit Function in the Post-Enron Era
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