1. Discuss the following statement: Michael Power XXXXXXXXXXstates that the rise of auditing has its roots in political demands for accountability and control. He argues that the new demands and...

1. Discuss the following statement:

Michael Power (1997) states that the rise of auditing has its roots in political demands for accountability and control. He argues that the new demands and expectations of audits live uneasily with their operational capabilities. Not only is the manner in which they produce assurance and accountability open to question but also, by imposing their own values, audits often have unintended and dysfunctional consequences for the audited organizations.