Question: SECTION A - All questions in this section are compulsory. Question 1 Accountants and auditors play a significant role in strengthening corporate governance in companies.
SECTION A - All questions in this section are compulsory. Question 1 Accountants and auditors play a significant role in strengthening corporate governance in companies. Required: Explain the developments that have taken place to help resolve some of the issues raised recently within the auditing profession. (10 marks) Question 2 The audit expectations gap is inevitable given the differences between society's expectations, the perceptions of auditors, and the legal and professional responsibilities/duties of auditors. Required: i. Discuss the possible causes of the audit expectations gap ii. Explain how the audit profession can attempt to reduce the gap (8 marks) (12marks)(Maxmark:20marks)
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