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  • Essay / Worldcom Scandal Case Study - 725

    However, in terms of an audit firm, they may not pay much attention to the audit procedures because they are always the same and the firm has been cooperating with its client for several decades. Subsequently, the firm or auditors may hold their clients' shares in order to wish to earn additional income by creating accounting to improve the financial statements. Finally, when the firm provides its clients with other services such as tax and management consulting, auditors may rely too heavily on revenue from other services and are reluctant to risk losing a client due to a difficult opinion. audit without reservation, although these services sometimes facilitate the execution of other work by having sufficient knowledge of the operations of their