The role of auditors in the financial crisis: an African perspective
by Amos Akintola Owolabi
African J. of Accounting, Auditing and Finance (AJAAF), Vol. 1, No. 3, 2012

Abstract: This paper investigated the role of auditors in the financial crisis from an African perspective. Desk research approach scanning through various documents that include; reports and accounts from the internet, published journal articles, national and international newspapers was used. Assessment of the auditors' role was premised on quality of financial reporting and auditors' oversight responsibility on one hand, and effectiveness of internal control to safeguard company assets on the other. Results indicated that it is not in all cases that auditors acted professionally or/and ethically thus accentuating the financial crises which culminate in shareholders' wealth destruction. To reduce this unacceptable behaviour, it is recommended that more emphasis should be placed on the practice of business ethics, and more rigorous enforcement of legal standards by the government and the courts.

Online publication date: Thu, 31-Jul-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the African J. of Accounting, Auditing and Finance (AJAAF):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com