, responsible and transparent corporate governance practices. Such analysis should be viewed as an important tool in the process of developing an effective corporate governance framework. To this end, effective
profession and [iv] member punishment; (10) having mechanism and measure to punish member fairly, i.e. [i] having process and procedure clearly, [ii] making an opportunity for considered person to elucidate
profession. The audit profession includes, for example: audit firms, professional bodies and bodies or entities associated with the audit profession. Indicators of independence from the profession include: - A
companies need updating. 2. Political Environments Mandatory rotation of audit firms : Introduces huge numbers of audits by ‘new’ auditors, and the tendering process is taking up a lot of the auditors
occupation or business is classified by anti-money laundering authority as high risk business/ profession; (7) a client who is categorized as higher-risk categories by the anti-money laundering authorities or
client whose occupation or business is classified by anti-money laundering authority as high risk business/ profession; (7) a client who is categorized as higher-risk categories by the anti-money
out activities to enhance the quality of the financial reporting system. These included strengthening proficiency of all stakeholders in the financial report preparation process by promoting a better
prioritize and provide necessary support for the financial reporting preparation process as well as to strengthen capacities of individuals who are directly responsible for the financial reporting preparation
, especially when it comes to the preparatory process under direct responsibility of chief executive officers, chief financial officers and accountants. Essentially, these professionals are the preparer of
the deficiencies found at both levels are a result of a few factors, such as shortage of human resource within the profession, improper job assignment, an audit planning that failed to respond to