Emphasizing the Role of Financial Audit by World Financial Crisis

It is appropriate that the role and scope of audit to be made and investigated in the general context of reform of financial market regulation. The audit, along with corporate oversight and governance, should contribute heavily to financial stability, because its role is to provide a guarantee as to the truthfulness of all corporate financial health. Auditors have been and will remain promoters of transparency, the reality of information, of ethics and of professionalism. It is therefore important to understand, learn from the current economic environment and build a stronger profession. Auditor role is extremely important because it can contribute substantially to improving the quality of management decision process, by providing a dynamic balance of information, including those of financial and accounting can have a special significance.