CORPORATE GOVERNANCE POST ENRON: BUSINESS RISK AS A NEW APPROACH TO AUDITING

Abstract

We aim through this paper to highlight the audit strategy as an essential tool to achieve sustainable corporate governance, especially after the scandals (Enron, Worldcom, Parmala, etc.) that shook the world business in the early 21st century. A new audit strategy called "risk business" was developed by US firms’ audits at the beginning of this century, to try and counteract the financial scandals. The specificity of this new audit approach is not limited to the evaluation of the fairness of the financial statements; it allows the company to be in days to register advancements in the field of business management, the characteristics of the company and its internal and external environment and the permanent development of obligations and rights of audit firms, etc.

Keywords

• enron, corporate governance, audit strategy, the risk business.