ADM 4341 Study Guide - Final Guide: Industrial Revolution
28 Sep 2018
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What are the 5 forces shaping the audit profession: market factor - industrial revolution: more middle-class families had available funds to invest. Limitations: technology failures, the need to stay ahead of the changes: knowledge change from 3 designations merge to cpa: formerly there were many paths to practicing accounting. Auditors responsibilities increased to be knowledgeable and consider all these factors in auditing a company: demographic shift from wanting workforce experienced staff to seeking out students so you can train them. Supply and demand for auditors change frequently as the people enter and leave the profession.
