Threats Of Corruption And Financial Scandals To The Auditing Profession And Their Implications On Major Global Auditing Firms, With A Focus On Algerian Auditing Offices - An Analytical Study

Abstract

 profession, particularly on global auditing firms and auditing offices in Algeria. It analyzed prominent cases of corruption and major financial scandals, especially following the collapse of Arthur Andersen, a global auditing firm. The study concluded that certain corrupt practices had infiltrated the auditing profession, with auditors implicated in covering up corruption and failing to detect or report it. This led to interventions by stakeholders in the profession, implementing reforms to mitigate these risks, raise awareness of the importance of ethics, focus on independence, and enhance quality controls. These efforts are aimed at restoring trust in the auditing profession, ensuring the integrity and independence of its operations, safeguarding its future, and maintaining its position as a cornerstone of transparency and integrity within the financial and economic system.