Edwin Kliegman is to be commended for analyzing the draft report of the Treasury Department’s Advisory Committee on the Auditing Profession (“Report on auditing should be a must-read,” Accounting Today, May 19-June 1, 2008, page 6), but I must take strong exception to his view that ethics are lacking at larger firms.In fact, while ethics have always been emphasized, the large firms have stepped up their attention to professional practice, ethics and integrity over the past several years. The profession’s commitment has not gone unrecognized.
In a survey conducted for the Center for Audit Quality earlier this year, more than three quarters of audit committee members who responded rated overall audit quality “very good” or “excellent,” and 82 percent said that it has improved in recent years.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access