Improving the 21st century audit

财务报告是有效资本市场的关键部分，审计的核心作用是增加财务报告的可信度。近年来的企业倒闭动摇了投资者的信心。在恢复这种信任方面，监管机构和审计行业可以发挥重要作用。审计专业需要继续发展，以达到预期的高标准，特别是在审计师以合理成本发现重大舞弊的能力方面。这项研究将研究如何帮助审计师应对他们在发现舞弊财务报表方面所面临的挑战，从而提高审计质量。

Financial reports are a key part of an efficient capital market and a central role of auditing is to add creditability to the financial reports. The corporate failures in the recent years have shaken investor confidence. The regulators and the auditing profession have an important role to play in bringing back that trust. The auditing profession needs to continue to evolve to deliver at the high standards expected of them especially in regard to auditors' ability to uncover material fraud at a reasonable cost. This research will study techniques that will help auditors in meeting the challenges faced by them in detecting fraudulent financial statements and thus improve the audit quality.