AUDITING: Effect of Competence and Auditor Independence on Audit Quality

Merit – Being a competent individual creates a positive effect on the work’s quality. Auditor
independence refers to the independence of the internal auditor or of the external auditor from
parties that may have a financial interest in the business being audited. Therefore, studying the
effect of an auditor’s competence and independence would be beneficial in this study for us
to know the qualities that an auditor should have, as well as the basis of being called a
competent one.

Demerit - There may be some factors that can affect both the auditor’s competence and
independence that would somehow affect the audit quality. Factors like the allotted time
budget and an auditor’s professional commitment in auditing. If there is a small amount of audit
time or low professional commitment, it may affect the audit quality negatively.

FORENSIC ACCOUNTING: Role of Forensic Accountants

Merit – A forensic accountant’s job description is auditing books and financial records to locate
evidence of fraud and other financial crimes. Knowing their roles in the accounting profession
would help us understand their importance in the field, specifically in solving financial crimes.

Demerit – Forensic audits can have wide-ranging scope across the business. It focuses on the
investigative aspect of accounting which would therefore take a lot of time in completing a job.
To understand their role in the accounting field, they may provide some samples of their job,
but it may be a serious case which may not be brought up to the public.

GOVERNMENT ACCOUNTING: Influence of Accountant in the Implementation of Best Practice in

Government Organization

Merit – Government accountants are needed in our government to record different business
transactions in the government. This study will help us learn how important an accountant is
with regards to the implementation of best practice in the government organization.

Demerit – Corruption is a major problem in government accounting. Sharing some ways on how
an accountant could positively influence the implementation of best practice in a government
organization may be difficult.