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Q: Would an auditing-standard convergence prevent fraud at the top-executive level? If No, how to deter...

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Accounting

Q: Would an auditing-standard convergence prevent fraud at thetop-executive level? If No, how to deter top executives fromengaging in illegal conduct?

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We must agree that convergence of auditing standard would lead to lesser fraud at the top executive level and over a period may enable us to prevent to a larger extent This is because convergence of standards across nations and regions will lead to the following 1 More transparency as most MNCs find loopholes in difference in regulatory and audit requirements    See Answer
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