The Impact of Various Responsibilities of the Auditors in Context of Independence and Impartiality: A Perception of Accounting Professionals
Published: 2017
Author(s) Name: Megha Kinchit Shah |
Author(s) Affiliation: Associate Professor, Faculty of Management, GLS University, Ahmedabad, Gujarat, India.
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Abstract
The accounting profession must look to the future prerequisites of associations, and meet these necessities with experts
that have been instructed in a way that serves the requirements of associations and society. So to meet this, accounting
professionals have concentrated on building up an accentuation on wide bland business abilities as opposed to particular
specialised aptitudes, to give transferable abilities that will suit an assortment of accounting standards required in
business. The study focused on responsibility, reliability, and decision usefulness statements. Responsibilities like issue
of internal control, financial statement preparation, auditors objectivity and audit procedures etc. while reliability &
decision usefulness statements include the areas of guaranteeing the accuracy of the financial statements, effective use of
government grants, and management efficiency etc.
Keywords: Accounting Professionals, Financial Statements, Audit Report
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