How do you evaluate the future of the audit profession?

1. Discuss the following topics with regard to auditor independence:

(a) Auditor objectivity and reliability.

(b) Auditor reputation.

(c) Auditor expertise and competence.

2. Consider the following questions:

(a) Taking into consideration all deficiencies and constraints in the audit environment, what is your overall assessment of the audit profession?

(b) How do you evaluate the future of the audit profession? Do you believe it will be able to overcome the current difficulties?

Solution:

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