Legal Aspect of the Auditing Profession: From the Antiquity to the Financial Security

Abstract

The series of the financial scandals of 2001 accelerated the adoption of the most important reform in the audit profession since 1934. The aim of these laws is to improve the financial security and regain the investor confidence. One of these new rules is to reformulate the audit profession. The purpose of this paper is to study the development of the audit profession in France after the adoption of the security law act (Loi de la sécurité financière) in 2003.