How new computing technology reformed the audit profession

Abstract

This paper describes how the audit profession went through a paradigm restructuring itself, by taking advantage of ICT, which led to a wave of mergers from 1987 to 1998. The paper also presents two cases of fraud; the Kreuger and the Enron affairs. The latter led to the conviction of Arthur Andersen for obstruction of justice, which resulted in the termination of the company's activities, due to lack of confidence.