Impact of business scandals on auditing profession - Adelphia scandal Free Essay, Term Paper and Book Report
INTRODUCTION
Code of ethics and professional conduct of auditors are major principles that have been directed by guidelines of independence, integrity, disinterest, objectivity and by a fear not to do anything that might cause ill repute of auditing as a profession (Flint, 1988). Even though fundamental objectives of trust and confidence are not expected to resolve an external auditors ethical dilemmas in any specific set of circumstances, they are indispensable to the performance of both capital and money markets. Latest business scandals have scoured trust among financial market members, influencing both shareholders and public to challenge and pressurize external auditors about their failure to notice responsibilities. Several scholars have underlined that modern society and fast changing global economy can not perform without minimum level of confidence, ethics and morality. The purpose of this paper is to examine inter-relationship between audit scandal and theory of particular standards that were not pursued. Furthermore, the papers underlying message is to pres......
Word Count: 1701
Page Count: 6.8 (250 words a page / double spaced)
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