Question
In: Finance
summarize the data gathered during the financial expert interview.
summarize the data gathered during the financial expert interview.
Solutions
Expert Solution
A financial expert is a person who has good knowledge about the accounting principles, auditing principles and understands the audit controls. The interview with the financial expert was regarding the financial condition and the auditing practices followed by the firms. The financial expert was of the view that the financial bodies have to reframe or modify the existing auditing and accounting principles. This is because the firms are not following the principles efficiently. They are finding out the loopholes in the rules and regulations and taking advantage of them. This is one of the major reasons why there has been a sudden increase in the scams and unethical practices in the business world. The technology has changed and along with it the habits and practices of people has also changed. So it is imperative that the existing practices and rules and regulations are modified with the changing times.
jeff jeffy answered 3 years agoRelated Solutions
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