Discuss why there is a demand for auditing services in a

Reference no: EM13480076

1. Why is studying Auditing different from studying other accounting topics?

2. How might understanding auditing concepts prove useful for consultants, business managers, and other business decision makers?

3.Discuss why there is a demand for auditing services in a free- market economy. what evidence suggests that auditing would be demanded even if it were not required by government regulation?

4. What is meant by the statement, "The agency relationship between absentee owners and managers produces a natural conflict of interest'?

5. Why is independence such an important requirement for for auditors? How does independence relate to the agency relationship between owners and managers?

Reference no: EM13480076

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