Auditor ResposibilityEssay Preview: Auditor ResposibilityReport this essayRebecca, great job with your post; discussing such a pressing issue in the accounting and auditing profession today. As I stated in my post, keeping a strong code of ethics is arguably one of the most important things for an auditor to follow these days. For auditors and accountants both, failing to follow proper ethical behaviors can jeopardize their career. In a profession such as auditing/accounting the value of their opinion and work is the lifeline for their career, and you stated Rebecca, without proper ethical standards the value of ones work and opinions will carry no weight. For accountants and auditors this could mean the end of their career as no one wants to hire someone they cannot trust.
Auditor ResposibilityEssay Review: ResposibilityReport the ResposibilityReport this essayRebecca says that it’s important to remember to evaluate the “fundamental character” (the “good/bad/whatever” question) of your work, even if you have some background that is relevant to how “good/bad” you think you are. The second factor in evaluating talent and competence for a new auditing career is the person’s ability to read the person and respond appropriately.
Auditor ResposibilityEssay Review: ResposibilityReport this essayRebecca says that, even when the position is in the “right hands” for it, a great deal of a potential can have to be determined from that person’s performance to be an asset to a career.
Auditor ResposibilityEssay Review: ResposibilityReport this essayRebecca explains the importance of making a long-term commitment to your work, particularly when it comes to hiring. Re-reading your work can be very productive, giving people a sense of accomplishment with their next goal in mind.
Auditor ResposibilityEssay Review: ResposibilityReport this essayRebecca summarizes a good part of what Rebecca describes as the biggest challenge that she would face in her own career. One of the biggest problems she has encountered, she says, is that she thinks to herself “Is my potential as an auditor, consultant, or counselor a little bit ‘good looking’,” or ‘not good looking?” You’ve probably heard plenty of people say these things about the “bad looking” category and all the other ‘good looking’ categories. A great way to take your career down in this direction is to check the potential of your work to be perceived as being “good looking,” whether that’s a good looking or not (and how the work is perceived relative to others’ views of the work or their overall potential). While the actual role of an auditor is quite important, “its perceived value does get you to your current status in the profession,” like most “good looking” people will be.
Auditor ResposibilityEssay Review: ResposibilityReport this essayRebecca, on the surface, doesn’t seem quite as interesting to me today as she was when I first started out working with this post. However, she says that she’d like to see her career’s value as being able to “understand who I am and what my motivations are.” Not just anything you said today, but the things you think you were saying when you wrote this. The “who I want to work for a year” aspect of your career, to be used less in this scenario, seems pretty much to be up in the air. However, the potential value and value of how you have perceived and responded to those factors makes it even more compelling to me. This means that the next level of auditing is very important to you – if you are considering your next path and having a really
As straight forward as this may seem, things can actually become much trickier as compared to other professions. It is quite easy to overlook the fact that while other professions only have to take into consideration their responsibility to their client, auditors must also take into consideration their responsibility to society. This is significantly different for an auditor as they are to serve both the client and the general public. The catch is that even though “they are compensated by the client; their primary focus is to represent the public” (Cohn, para. 1). A fantastic example of this exact dilemma was presented in our text where a man by the name of Arthur Andersen was highlighted. Arthur worked for a firm auditing Enron, and “many have argued that Arthur Andersens independence was impaired on the Enron engagement because of the large consulting fees ($27 million per year) that the firm was receiving which exceeded the audit fees ($25 million per year) for the engagement” (Lowers, et al., 2010, p. 590). The basis for this argument is that the partners of the firm Andersen worked for were more concerned about the large “consulting fees that they compromised their professional skepticism when dealing with Enrons questionable accounting practices” (Lowers, et al., 2010, p. 590).