Why did companies audited by one of the Big 4 had experienced significant economic decline during the global financial crisis 2008, when their accounts had received unqualified audit reports less than 12 months before the crisis? Scholars, professionals and regulators have advanced three main...

Purpose – The purpose of this paper is to highlight the increased uncertainties in our world due to the interconnectedness of the global economy. Design/methodology/approach – The approach employed in this paper is a theoretical assessment.Originality/value – The paper makes the link...