It is a 1500 word assignment. Need harvard peer reviewed references. Only select one company

HOW AUDITORS CAN CONTRIBUTE TO BETTER DECISION MAKING FOLLOWING LEGAL AND REGULATORY ENVIRONMENT
Ans 1
Regulators trust almost blindly the company disclosure after the same has been certified and attested to by the External Auditors. The external auditor reviews the financial statement for any instances of Errors and frauds, misstatement of facts, verifying the transaction with the aim of reporting their finding and suggesting any improvements. The COSO framework 2013 seeks to supply a recognised framework for drafting and appraising the efficiency of internal control system. It emphasizes the role of the board—and, by delegation or regulation, the role of the audit committee—in overseeing internal control, which remains an essential aspect of effective governance . External audit provides an autonomous evaluation of a company’s FS as per to legislative requirements, and provides the audit committee with valuable, objective insight into aspects of the entity’s governance and internal controls including its risk management. Every country has prescribed certain basic minimum set of Ethics principles for professional members including Australia (under APES 110). The code of ethics provide a framework for the subscribers to ascribe to for shortlisting, evaluating and tackling threats to comply with the principles. These code requires its members to strictly abide with the enshrined fundamental principles of ethics come what may. Applying these principles mandate exercising professional judgement , staying alerts to emerging situation or opportunities These code of ethics clearly set out fundamental principles of ethics for members such as integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. These 5 principles have been dealt with in detail below:
Integrity: To uphold all values and be direct and honest in all licensed relationship.
Objectivity: Never negotiate on professional judgements due to conflict of interest or under undue influence of others.
Professional competence and due care:
Always aim at a level which necessitates client or employer obtain top notch professional services basis updated technical and professional standards.
Act meticulously in sync with in force technical and professional standards.
Confidentiality – Fully adhere and abide by the secrecy and confidentiality of data clauses to not share this information outside there are of work.
Professional behaviour – Every member subscribed to this code must at all cost demonstrate utmost professional behaviour such that it does not in any way discredit the profession.
However initiating the above steps does not discharge the members of accountability     to implement professional judgement.
The world’s most professional Auditing oversight body PCAOB while investigating into allegations of professional misconduct, code of ethics potential violations by auditors , assessment of fraud risk during the audit assignment which attracted regulatory response ranging from persuasive to punitive sanctions had issued Settled Disciplined Orders (SDO) to all such 298 audit firms between 2005-2020.All these audit incidents were bordering on auditing standard violations, independence issues and reckless behaviours. PCOAB had during their investigation learnt that at individual audit firm/unit level higher financial penalties for these ethical violations occur mainly due to manipulations of audit evidence (i.e. Quality control) and Big-4 affiliated counterparts were more significantly penalized than non-Big-4 firms. This points to way these big audit firms are training in house the audit trainees, staff in complying with the 5 principles of ethics code and getting them audit ready leave a lot to be desired .PCOAB follows responsive enforcement strategy while ranking auditors on...