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how auditors’ relationships with clients, users and the general public have changed over the last decade?
- 1 decade agoFavorite Answer
It has generally been changed whereby the public expects auditors can find fraud. On the other hand, client expects auditors to lower their fees.
Nowadays, for general statutory audit, the auditors should also assess the internal control framework of the client. Especially for those US Listed companies and their subsidiares, they should comply with Sarbanes Oxley act.
This act came out resulting from the Enron Case in States.