IntroductionThis paper will review the denomination Through the respectable motive Looking Glass: An new(prenominal) View of the cosmea of Auditors and Ethics. This article was precedented by Roger D. Martin and appeared in the Journal of occupancy Ethics in January 2007. As the title implies, this article deals with the honorable regards faced by the audit profession. Article SummaryThe first secernate of the article disputees the supplicate that auditors must be ?looking deep down? the organization. In other words the auditors must be breakaway (outside, looking in) of the soused being audited. This does not refers to the obvious hassle of being utilize by the firm being audited alone rather the run afoul of interest issues that have arisen in the past. The author mentions the practice of hiring auditors for positions in the accounting and finance departments afterward the audit is completed. Other probable conflicts came about because of lucrative non-audit li ne of products between firms. As Martin (2007) states, ?the Sarbanes-Oxley shape of 2002 addressed several of these likely sources of conflict.?The article goes on to discuss the auditor?s post in taxing client ethics. The author identifies ?three sources of the demand inwardly the auditing process for auditors to understand and assess the integrity and ethical values of audit clients ? audit planning, consideration of fraud, and reporting on internal tames.? (Martin)Audit planning laid-backlights the ?tasks, checks, and balances? in set out within the organization. The core component of this is the ?control environment? or the plentitude within the organization.
?Without a strong and healthy control environment, the other ! components of internal control hardly matter because no come of control over physical or treat activities slew be expected to function well if the people fashioning and operating the controls are not likely to render high integrity and ethical values.? (Martin)Auditors need to look at the... open to understand what the original article would have been about. Seems to have allow in all the main points from the original article which are burning(prenominal) when summarizing. If you necessity to get a full essay, order it on our website: OrderEssay.net
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