C/F/338. Issues of modern auditing

The paper addresses the issues of auditing examining the difficulties of retaining auditor independence and adopting an ethical approach (with reference to the Enron scandal), the success factors behind auditor's report, the importance of dealing with expectation gap by conveying relevant information to the members of companies to whom the auditors report, the need for changes in respect of auditor liability, and the outcomes of the continuing growth of the 'audit society'.