An audited financial statement is considered to be authentic and reliable by the stakeholders. Therefore, statutory auditors play an important role in protectin

Corporate failures and accounting scandals have shaken the foundations of investors’ confidence in the transparency, integrity and accountability of corporati

Professional accountants external to the organization are appointed by statute of law to verify the authenticity of financial statements of an organization. The

Christiane Strohm investigates the effects of the Sarbanes-Oxley-Act and the revised 8th EU-Directive on auditing. She shows that there is a difference in the c