1.1 BACKGROUND OF THE STUDY
A series of companies acts and decree commencing in 1844 due to the full amount of debt of the companies so that they will meet the needs and the account should subject to examination by independent people who claim to be expert, i.e. auditors, who report the result of their findings to the shareholders and consequently to their parties.
The auditor should have a recognize qualification as a mark of competence. Before (1948) act, auditors even public companies required n...