ACCA - The global body for professional accountants

Audit and society Article Archive

Audit under fire

Audit under fire - 01 May 2011

Throughout 2010 and 2011, the role of audit has been the subject of a number of inquiries. This paper outlines ACCA’s position on the key issues that have been raised.

Audit reform

Audit Reform: Aligning Risk with Responsibility - 01 May 2011

Audit reform: aligning risk with responsibility looks in detail at the stakeholder’s view of the importance of audit and the implications of reform for auditors’ liability.


Small business

ACCA has over 100 years' experience of working with the SME sector. We lobby governments, regulators and standard setters in the long-term interest of a healthy SME sector, and we support professional accountants so they can continue to function as the sector’s most trusted business advisers and finance managers.

Related reading

If you’re interested in audit and society, you may like to read some articles and reports held in our technical library.

About audit and society

The role of audit is currently under heightened scrutiny. The global financial upheaval of the past three years has seen commentators questioning the value of large company audit.

Technical activities

An important part of ACCA's institutional work is to contribute to the debate on technical issues affecting business and accountancy and to represent the interest of its members in relation to the legislation and professional standards that they have to comply with in their work.

Global Forums

The Global Forum for Audit and Assurance brings together groups of experts from around the world to discuss the latest issues impacting on audit and assurance.