Modern and Fulture Challeges Facing Auditors in Public and Private Sectors in Developing and Developed Countries

Author(s)

Izedonmi, P. F , Josiah, Mary ,

Download Full PDF Pages: 15-23 | Views: 430 | Downloads: 117 | DOI: 10.5281/zenodo.3404693

Volume 2 - March 2013 (03)

Abstract

This paper is to examine the modern and future challenges facing auditors in public and private sectors in developing and developed countries. Auditors today face may challenges and the most important challenges however, is the role of information. Auditors have defined, analyzed and assess the business, though information mirror, the presentation of physical environment in the information, the auditor therefore is a stakeholder in enterprise information integrity failure of business in which deficiencies of financial report and corporate discussion have figured prominent are not new thing. This has been characterized by series of business failure, ethical negligence and accounting scandals both in developed and developing economics. Challenges facing auditors will be necessary to have definition and standards for information integrity and deploy an effective system of automated information controls to monitor monitor, measure and maintain integrity new frontier for auditors. 

Keywords

Auditors, Challenges, Information and Integrity

References

                     i.            Adeyemi, S.B. and Fagbemi, T.O. (2011). The perception of ethics in auditing profession in Nigeria.

       ii.            Adelaja, S.O. (2009). An evaluation of perception of auditors independence in Nigeria. Journal of Management Study, 10(1): 122 – 145.

      iii.            Barker, P. (2002). Audit Committees: solution to a crisis of trust Accountancy Ireland. June. Volume 34. No. 3.

     iv.            Bariff, M. & Watson, C. (2002), Information integrity (I*I) conceptual framework, white paper.

       v.            Bakre, O.M. (2007). The unethical practices of Accountants and auditors and the compromising stance of professional bodies on the corporate world: Evidence from Nigeria. Accting. Forum 31: 277:303

     vi.            Federal Republic of Nigeria (1990). Official Gazette. Companies and Allied Matters Act Lagos Government printer 1990.

    vii.            Hale, M.W; Huston, r. and Smith, M.L. (2005). The once and future accountants: Ethics and the future outlook of the US Accounting profession, Inter J. Acc; Aud. Perf. Eva. 2(4): 426 – 440.

  viii.            Jagersma, Peter Klass “managing Business Complexity managing Business Complexity”management sit: for by professionals. http://www.managementsite.com/46 1/managing-businesscomplexiuty.aspx. acessed 4th April, 2012.

     ix.            Madharan, N. (2000). The auditNet Monograph series information integrity the nextfrontier for Audition WWW.sims.berkely.edy/research/pr oject/hwmuch-infor. accessed on 4th april 2012.

       x.            Millichamp A.H. (2000). Auditing. 7th edition printed and bound in Great Britain.

     xi.            Oni, E.O., Adeoth, J.O. and Sani, A (2011). The Nigeria Accountant in changing Economic and Political Environment.

    xii.            Perry, E. W. (2004) Acounting, Auditing and Committees Eron, et al, Available at server05/production/w/WBH43- 1/WBN 09. Access 4th April 2012.

  xiii.            Railborn, C. & Schiorg C. (2004). The Sarbanesoxley Act of 2002: An analysis of comments on the accounting related provision, journal of business and management, volume 10 No. 1, pp 1-13.

  xiv.            Teck, H.L. & Axham, Md. A (2008) Audit challenges in Malaysia today Access on 4th April 2012.

   xv.            The Star, (2008) The Audit profession, way forward. The star. 19th July 2008. Availale at http://biz.the start.co,.my/bizweekstory.asp? Accessed on 4thApril.

Cite this Article: