The Development of Auditing and Audit Objectives

[MBA ACCOUNTING]

This figure shows the close link between auditing and th socio-economic environment it serves in English-spesking world. In particular, it shows:

how audit objectives have changed in response to changes in the socio-economic environment.

how the main centre of auditing development shifted from the United Kingdom (UK) to the United States of America (USA).

how the procedures adopted by auditors accord with the objectives auditing is trying to meet.

Also, shows that the development of auditing can be considered conveniently in five phases:

period up to 1844,

1920s - 1844

1920s - 1960s

1960s - 1990s

1990s - present.

تم تعديل 26 أكتوبر 2008 بواسطة MBA ACCOUNTING