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Financial Crisis and Auditor's Role

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Financial Crisis and Auditor's Role
THE ROLE OF AUDITORS
IN FINANCIAL CRISIS

Submitted by
Syed Ijtaba Ali Bukhari

In the Fulfillment for the Degree of
B.Com Honors

LAHORE SCHOOL OF ACCOUNTANCY & FINANCE
THE UNIVERSITY OF LAHORE
(2013)

The University of Lahore

-------------------------------------------------
Lahore School of Accountancy & Finance

Supervisory Committee

We the Supervisory Committee, certify that the contents and the form of thesis submitted by Syed Ijtaba Ali Bukhari have been found satisfactory and recommend it for the evaluation of the External Examiner for the award of degree of B.Com (Hons)

Supervisor

Co-Supervisor

Member

The University of Lahore

-------------------------------------------------
Lahore School of Accountancy & Finance

Examination Committee

The Thesis viva of BCM 05091053 was held on ----------------------------- at the Lahore School of Accountancy & Finance, The University of Lahore. The Supervisory and Examination Committee gave satisfactory remarks on the thesis and viva and were approved for the award of the degree of B.Com Hons.

External Examiner Internal Examiner

The University of Lahore

-------------------------------------------------
Lahore School of Accountancy & Finance

Undertaking

I Syed Ijtaba Ali Bukhari& BCM 05091053 declare that the contents of my thesis entitled The role of Auditors in Financial Crisis are based on my own research findings and have not been taken from any other work expect the references and has not been published before.

I also undertake that I will be responsible for any plagerization in this thesis.

Student’s Name

The University of Lahore

-------------------------------------------------
Lahore School of Accountancy & Finance

Plagiarism evaluation report

This is to certify that I have examined the Turnitin report of the thesis entitled “The Role of Auditors in Financial Crisis “.

The thesis contains no



References: 1. ACCA, 2008, Paper F8 International: Audit and Assurance (AA). Kaplan Publishing. 3. AUASB, 2008, Standards and Guidance, viewed April 14th 2010. 5. Auditor Roles, 2010, Framework of Auditor Roles and Practices with Respect to Performance Measurement, viewed April 14th 2010. 7. Inman, P. March 14, 2010. Auditors face inquiry call after Lehman revelations. viewed April 14th 2012. 8. ACCA, 2010, Value regained: restoring the role of audit in society (1-10), viewed April 16th 2011. 10. US Securities Exchange Commission, 2008, SEC’s Oversight of Bear Stearns and Related Entities: Consolidated Supervised Entity Program. Washington DC: SEC, viewed April 18th 2011. 11. BIS, 2011, Draft Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) (Amendment) Regulations 2011, viewed April 24th 2011. 13. Venuti, E; Holtzman, M. P, and Basile, A, 2002, Due professional care in cases of high engagement risk. CPA Journal. Vol. 72, no. 14 14 17. US Office of Federal Housing Enterprise Oversight, 2006, Report of the Special Examination of Fannie Mae. Washington DC: OFFHEO, viewed April 12th 2012. 19. Izza, M., 2010. Auditors must learn to articulate their value. CityAM, 1 July, page 18. 21. HM Treasury, 2010. A new approach to financial regulation: judgment, focus and stability. London: The Stationery Office Limited, viewed April 15th 2011. 22. Inman, P. March 14, 2010. Auditors face inquiry call after Lehman revelations, viewed April 12th 2012.

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