As we can see with cases happening in and around, there are probable circumstances that there have been significant changes in the auditing process over the past several decades. Moreover, with the tightening of governmental regulated norms and reforms, auditing and the professional seal attached to accounting also have rather gone in for a change. However, the disappointing fact is that despite tightening governmental regulation and the likes, the increasing ethical issues attached to the profession of accounting are increasing, which is indeed a sort state of affairs.
But the concepts of professional accounting and the large spread frauds and scams which are attached to accounting profession also are subject to public criticisms in all forms. Moreover, there is no denying the fact that when it matter to the concepts of professionalism as it relates to public accounting discipline there is some factor that have rather gone for a dramatic change all around, especially the involvement of independent governmental agency to review the audit process. And interestingly, auditing also have gone a notch above, given that laws in that regards are also passed with necessary reforms in order to propagate an image of the professional concepts as it relates to