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Can you list the advantages and disadvantages of external auditors providing consulting services to the client?

Auditing
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/11/26
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Deleted user
by Deleted user

Disadvantages  Conflict of Interest Biased Audits Erroneous Reports Regulatory Dilemma

 

Advantages

understanding of work operations

Muhammad Anjum
by Muhammad Anjum , General Manager Quality & Management Systems , United Industries Ltd.

Advantages: They could provide a fair presentation of situation.

Disadvantages:  Since they are not harmonize with organization culture and norms, their output could be biased.

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