1. Discuss the role of the quality control procedures in enhancing the auditors’ reputation in a capital market economy. 2. To what extent does the creation of an oversight board contribute to better...

1. Discuss the role of the quality control procedures in enhancing the auditors’ reputation in a capital market economy.

2. To what extent does the creation of an oversight board contribute to better protection of shareholders and other interested parties concerning audited financial statements? Discuss.

3. Several changes have been made in audit quality control since the corporate financial failures at the beginning of the twenty-first century in developed capital markets. Discuss these changes.