The past, the enron, and the future of audit

Abstract

Purpose: COVID-19 emphasizing its significant existence in our lives has considerable consequences with regard to numerous professions – one of which is auditing. As uncertainty increases, organizations are substantially challenged in their attempt to foresee even the short-term future. Exclusively, auditors are confronted by the difficulties brought by COVID-19 due to countless reasons such as health conditions and travel restrictions. The aim of this paper is to assess the current audit environment by a holistic explore of the past, the Enron times, and the future of the audit profession.

Design/methodology/approach: This paper is a conceptual paper with a thorough literature review.

Findings: The results of the study exhibit a change in the nature of the profession over time especially in the light of the changes in the financial markets.

Originality/value: This study contributes to the accounting and auditing literature to the extent that not only the changing trends in the profession are emphasized; but existence of COVID-19 is highlighted as well.

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Calismanin Amaci: COVID-19'un hayatlarimiza girmesiyle birlikte artik icinden gectigimiz bu olaganustu zamanlar, bircok meslegi etkiledigi gibi, denetim meslegini de olumsuz yonde etkilemistir. Belirsizliklerin artmasi, hem kurumlarin ileriyi ongorebilmelerini zorlastirmis; hem de denetim meslegini icra edecek olan meslek mensuplarini saglik, seyahat kisitlari gibi bircok nedenden dolayi belirgin sekilde zorlayacaktir. Bu calismanin amaci, denetimin dunune, Enron'una ve mevcut durumdaki yarinina dair cikarimlarda bulunarak ortak paydasi raporlama olan meslek mensuplari icin bir durum degerlendirmesi yapmaktir.

Arastirma Yontemi: Bu calisma, genis bir literatur taramasi ile birlikte kavramsal bir calismadir.

Bulgular ve Degerlendirme: Calismanin bulgulari, denetim mesleginin ozellikle finansal piyasalardaki degisimler neticesinde nasil sekillendigini anlatmaktadir.

Calismanin Onemi: Calisma, muhasebe ve denetim meslegi icin onem arz etmekte olup; meslek icerisinde zamanla meydana gelmis degisimlerin yani sira COVID19'un da meslege olan etkilerine deginilmistir.