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Financial crisis and the silence of the auditors

Sikka, Prem (2009) 'Financial crisis and the silence of the auditors.' Accounting, Organizations and Society, 34 (6-7). pp. 868-873. ISSN 0361-3682

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Abstract

Against the backdrop of the current financial crisis, this paper seeks to stimulate debates about contemporary auditing practices. It notes that many financial enterprises have sought state support within a short period of receiving unqualified audit opinion. Auditors collected large amounts in audit and non-audit fees. The events raise questions about the value of company audits, auditor independence and quality of audit work, economic incentives for good audits and the knowledge base of auditors.

Item Type: Article
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Jim Jamieson
Date Deposited: 17 Dec 2012 11:38
Last Modified: 13 Nov 2015 16:05
URI: http://repository.essex.ac.uk/id/eprint/4725

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