Journal of Commerce and Accounting Research

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The Impact of Various Responsibilities of the Auditors in Context of Independence and Impartiality:A Perception of Accounting Professionals


Affiliations
1 GLS University, Ahmedabad, Gujarat, India
     

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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, auditor’s 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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  • The Impact of Various Responsibilities of the Auditors in Context of Independence and Impartiality:A Perception of Accounting Professionals

Abstract Views: 350  |  PDF Views: 0

Authors

Megha Kinchit Shah
GLS University, Ahmedabad, Gujarat, India

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, auditor’s 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.

References