Hello, I am looking for someone to write an essay on On the overall audit process. It needs to be at least 1250 words.
They did not aid the embezzlers, did not know about the embezzlement, and did not perform recklessly. But they failed to comply adequately with GAAS and thus failed their role as auditors. Not knowing about the embezzlement was the problem: It is the role of an auditor to discover embezzlement, financial impropriety and dishonesty.
The definition of “duty of care” has changed over the centuries of auditing tradition.