Did the Arthur Andersen approvals of Enron demonstrate whether those client-paid audits were useful?
2 Likes
Absence of evidence will always be a problem for auditors.
Financial auditors at least know that really money doesn’t just appear or disappear. There will be a trail, and numbers that don’t match up when they should will alert auditors to a potential problem that requires investigation.
I don’t know how you can have any confidence that an audit of “privacy practices” is going to tell you if data is ending up where it shouldn’t.
2 Likes