1. What is the primary rationale for market regulatory bodies to require mandatory reporting on internal accounting controls and the auditor’s involvement in this respect? 2. To what extent do factors...

1. What is the primary rationale for market regulatory bodies to require mandatory reporting on internal accounting controls and the auditor’s involvement in this respect?

2. To what extent do factors such as:

(a) economic developments;

(b) globalization and internationalization of capital markets;

(c) the complexity of financial operations; and

(d) information technology advances, affect the demand for and the performance of auditing services?