The point that is not a reason why auditors began to have a greater focus on auditing business risk in the 1990's is:
A)The release of the 1992 report Internal Control - Integrated Framework,by the Committee of Sponsoring organisations (COSO)
B)It was a justification to increase audit fees for clients
C)Gaps in clients' internal controls provided an opportunity for auditors to sell non-audit services.
D)None of these,i.e.all are reasons as to why auditors began to have a greater focus on auditing business risk in the 1990's
Is a conceptual framework necessary? Discuss the arguments for and against having a conceptual framework for accounting.
Discuss the strengths and weaknesses of principles-based accounting standards compared to rule-based standards.
Discuss the effects on accounting reporting of the movement in the early 1960's from a stewardship objective to a decision-usefulness objective.