There have been several business failures over the years and stakeholders have consistently asked the question, “ Where were the auditors?” Ensuring that responses are received for audit findings could arguably be a critical component of good corporate governance. 

Required:

Discuss making reference to instances of business failures, and the role of the audit committees, BOD and management

Answer rating: 100% (QA)

The role of auditors in detecting financial misstatements and providing reasonable assurance on the accuracy of financial reporting is critical for maintaining public trust in the financial reporting ... View the full answer