The integrity of financial reporting is seen by practitioners and scholars

| March 17, 2019


The integrity of financial reporting is seen by practitioners and scholars as the key to protecting stakeholders’ interest in the capital markets. It requires a commitment on the part of audit firms to be dedicated to the continuous improvement of audit quality. It is argued that an offering of high quality audits means a greater credibility to audited financial statements.  Critically evaluate the above comments. Support your answer with relevant academic literatures.  Required: a) Identify and discuss what you consider are the key elements that can impact audit quality. b) How is audit quality assessed? c) What recommendations can be implemented in order to enhance the quality of an audit? Your essay should not exceed 2,000 words in length and should be double spaced and word processed. The word count is required.  

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