Question 1

Analyse the key factors contributing to audit risk on a global scale, considering challenges such as diverse regulatory frameworks, political uncertainties, the impact of emerging technologies and so on. How do big audit firms navigate and manage audit risk in an increasingly complex and interconnected business environment?

Question 2

Describe the audit expectations gap in the UK and globally, discuss recent developments concerning this gap and debate the recommendations of the Brydon Report for 2019 to deal with this gap.

Note:Harvard referencing is required - all questions must be accompanied by enough research and reference to published work.