

In the last few decades, the markets have experienced corporate scandals and audit failures, some no doubt egregious. Such scandals get frontpage presence and sensationalized in a manner that seeks to characterize accounting and audit as broken and untrustworthy. We forget all that accounting and auditing have done for society – the goodness and efficacy of auditing is not talked about. The generation of 1980-2024 probably have not heard any good stories about auditing, the newsfeeds have been filled with asymmetric stories of corporate scandals and putative audit failures. It has become formative to the opinion of the generation to the effect that they know no irrefutable reason to trust audit.
Accounting and accountants, audit and auditors, have been indifferent to the unexamined withering criticisms that are veiled against them. This is not good for the profession. At Audit is Trustworthy Worldwide Advocacy, we believe that there is need for advocacy for accounting and auditing. It is a shared responsibility. All accountants and auditors should mount advocacy in their communities to correct the wrong and undeserved image foisted on audit as not trustworthy.



