Can auditors expand assurance to meet investors’ needs?

Joe Ucuzoglu, CPA, chairman and CEO of Deloitte’s U.S. audit practice, says expanding assurance opportunities would increase the value auditors provide.

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Tate comment: generally the auditing profession has always avoided going in this direction, although I believe the auditors could already disclose more information and provide greater benefit with some of the information that they already obtain about internal controls and audit risk as part of the audit. We’ll see where this goes. Dave Tate, Esq. (San Francisco/California)