Auditors and their predictions-bankruptcy of client

Reference no: EM1344370

For discussion purposes counter statement that it is worse for auditors to incorrectly predict bankruptcy than when auditors fail to predict bankruptcy.

Do you think current bank crisis and its negative credit crunch on overall economy resulting in many small, medium and some big businesses closing their doors is an argument for more strict auditing on this side of incorrectly predicting bankruptcy?

Reference no: EM1344370

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