The evolving roles of the auditor in assuring, advising and alerting in present times

Abstract

Purpose: The aim of this research study is to obtain an understanding of the Maltese how the roles have developed and the extent they consider themselves accountable for each role. Each role was analyzed separately and the was derived. Local Need: The study pinpoints the importance of these fundamental roles which have discussed the feelings of the members within the profession. Design: The objective of this study was achieved through a series of interviews. The interview schedule consisted of open ended questions and other statements which had to be rated accordingly. Findings: The findings of this study revealed that the most fundamental role of an auditor is the provision of assurance. According to participants the provision of credibility on the financial statements and the protection of investors is one of the main reasons why an audit is carried out and both these matters have ameliorated over the years. Auditors have expressed that they would still like to fulfil the role of an advisor, because the nature of audit work and their expertise makes it possible to Page