Management and Auditors

A look at the responsibilities of management, auditors, and the public perception.

This paper examines how a series of high-profile business melt-downs in 2001, led by the Enron scandal ,have put the roles and responsibilities of the corporate management and the auditors in sharp focus. It looks at how the public outcry against the necessity of preventing such crises in future has led to stricter regulation and extensive debate about the responsibilities of the management and the auditors. It attempts to explain management’s role and responsibilities versus that of the auditors and also discusses how the public’s perception of the auditor’s duties have differed over time.

Outline
The Management’s Responsibilities
The Auditors’ Responsibilities
Public’s Perception of the Auditor’s Duty

Written By wed

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