Auditing problems roque pdf

First and the foremost problem faced by any auditing companies these days is insubordination between auditors and the management of the company for which the auditing needs to be done

According to many reports the company managers do not have the understanding of the importance of the company audit report

Poor audit quality damages the professional reputation of the firm and leads toloss of clients and subsequently loss of fees, as well as increased litigation and professional insurance costs

In extreme circumstances, it can lead to the demise of the firm itself

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