The accounting and auditing profession – what’s happening around the globe

Abstract

The public interest mandate of the accounting and auditing profession to act as watchdog and whistle blower, continuously places the actions of this profession under public scrutiny. The exclusive mandate to be allowed to provide auditing services and have this function exclusively reserved for its members, brings along social responsibilities. The public has a right to know if the members of the accounting and auditing profession fulfil their mandate and what the nature of any transgressions are.