The illusion of technology auditing: the results of a survey and proposed solutions

This paper revisits the author's prediction of 10 years ago of the risk of conflict of interest between information technology auditors and large CPA firms and discusses some cases which lend support to this prediction. The survey shows the lack of consulting boundaries/rules has had terrible consequences to the economy and to the small investors. In order to address this problem of conflict of interest, three actions are proposed.