Key issues in this chapter 

• explain the need for laws ,regulations, standards and other relating to audit,assurance and related services.
• outline and explain  the need of legal and professional framework inxlude:
• public oversight of audit and assurance practice
• the impact of corporate governance principle on audit and assurance practice
• the role of audit committees nd impact on audit and assurance practice.

oversight: public consense on list company sudit and auurance practice

governance principle on audit and assurance practice

business insight

exam highlight:  governance principle

                            examples of bad practice in public oversight

audit commision

professional scepticism

adds value: market confident

                    continunous improvement