Write an essay that answers the following the questions: a.) Which of the Big 4

Question

Write an essay that answers the following the questions:

a.) Which of the Big 4 audit firms are in your country?

b.) Name at least three Tier-2 audit firms in your country and discuss the services they provide.

c.) What are the relevant legislations and standards that govern auditors in your country?

d.) Which organization regulates the auditing profession and enforces the legislations as outlined in (c) above?

e.) Discuss the role of the government auditor of your country. Use a recent news article to highlight the importance of the government auditor in your country.

f.) Identify some of the national business risks that would affect risk assessment for all the companies in your country.

Explanation / Answer

a. In our country (USA) we have all Big 4s operating.

b. BDO USA LLP and Grant Thorton LLP providing services like advisory, assurance, audit, risk analysis of business and cyber, accounting services, data analysis

c. In the United States, Statements on Auditing Standards provide guidance to external auditors on generally accepted auditing standards (abbreviated as GAAS) in regards to auditing a non-public company and issuing a report.

Further, Public Company Accounting Oversight Board is authorized to issue standards for audit of Public Companies.

d. SEC and PCOAB look after the enforcements also

An expert is allowed to answer initial 4 answers only in case of multi part qtns.

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