Critically examine the above statement by analysing the role of the auditor and the role of the board of directors in the preparation of financial statements and the prevention of fraud.
1. THE COURSEWORK QUESTION Accounting is the collection, summarization and communication of a firm’s financial information for the management, stakeholders, individuals and others to help them make sound financial decisions. However, following a series of recent financial scandals , the true and fair view of financial information disclosed to the public has been 1 questioned. […]