Instruments available to the public to assess audit quality

Title: Instruments available to the public to assess audit quality
Creator: Prinsloo, Frans
Subject: Auditing -- South Africa
Subject: Quality control -- Auditing
Subject: f-sa
Type: text
Type: Lectures
Identifier: http://hdl.handle.net/10948/21928
Identifier: vital:29802
Description: With the separation of ownership from day-to-day management that began to characterise many businesses following the industrial revolution, concern arose whether the day-to-day management (as agents) would bias information flows to the business owners (as principals) in order to enhance, say, their remuneration and their reputations as managers (AQF, 2005a: 6). To address these concerns, business owners require mechanisms, such as the external audit, to enable the effective assessment of the stewardship of the agents. Currently the role of the external auditor is to express an opinion on the fair representation of the annual financial statements prepared by management for the business owners.
Format: 24 pages
Publisher: Nelson Mandela University
Publisher: Faculty of Business and Economic Sciences
Language: English
Relation: Inaugural & public lecture
Relation: Inaugural & public lecture 2009
Rights: Nelson Mandela University

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