... of financial ability and credibility. Indeed, in some areas such as the regulation of banking, the requirements on paid-up capital have been strengthened (Bank for International Settlements, 2014 ; Allen et al., 2011). We envisage that auditor’s assertions on paid-up capital (probably as part...

... are considered the most important independence‐threatening factors. The risks posed to auditors in fulfilling their audit engagement, regulatory rights and requirements surrounding auditor change, regulation concerning the appointment/remuneration of auditors, and the disclosure of financial and nonfinancial...

... ethics Regulation The Netherlands 1. Inform management in writing when fraud is suspected [6] . 2. Inform the supervisory body in writing: in case of management fraud; in case of material fraud with regard to the financial statements; and in case the management fails to take...

...John Davies Purpose Concern about money laundering and the financing of terrorism has become one of the major preoccupations of governments and financial sector regulators around the world. This paper aims to discuss this issue in the context of regulatory standards now being introduced around...

... is the likelihood that an auditor will discover a misstatement (a breach) and report the misstatement. In terms of audit quality, auditors lacking independence may be reluctant to report a discovered breach or they may apply less effort to discover one. Auditors Corporate governance Regulation Laws...

... of accountants and corporate officers and corporate counsel. This paper describes effects of the Sarbanes‐Oxley Act (Public Law No. 107‐204, Sec. 1‐1107) on the principal management and control functions of the business environment. Accounting Auditing Corporate governance Regulation The business...

... Limited 2004 Auditors Independent experts Stress Regulation USA Australia Auditing, like other professions, requires its members to make impartial and objective judgements. There are standards and rules governing the work of auditors that emphasize two fundamental issues: first...