The role of the content of the transparency reports of the auditing companies in improving the third party recognition of the quality of services - "critical analytical study and future prospects".

The external review of the financial statements is of added economic value, as it gives confidence to the financial statement data, which leads to the possibility of using these data after the operation and conversion to information to take a variety of economic decisions by the third party (the public interested in the order of economic unity) This added value was theoretically and practically acknowledged in the review, until a series of financial collapses appeared on a number of major entities in the United States and other countries. The initial question was, "Where was the review? And why it did not exercise its role as a warning to the public interested in the order of economic unity from the third party? "The investigations, which focused on examining the causes and circumstances of these crises (and the result of those investigations revealed the causes of those collapses) that the review role played by some as an auxiliary role - if not Not complicit or transient - in the occurrence of such crises.This led to the emergence of a crisis of confidence between the profession and the third party of the interested public, which resulted in the profession tried to restore the trust of the third party, through a number of legislation (such as the law of Oxy "Sarbanes - Oxley Act") which tried to strengthen the independence of the External Auditor in the face Management pressures, and the establishment of rules to ensure some kind of social control over the work of external auditors. In addition, a number of organizations have been established to impose some kind of oversight on the work of external auditors such as the Public Company Accounting Oversight Board (PCA-OB). External control of the profession, especially in case of review Listed Companies. The previous procedures, as previously stated, imposed a kind of external oversight on the profession. Therefore, the profession remained for a period that carried out the role assigned to it by external parties without having the ability to formulate the appropriate amendments to its supposed role to play. Including self-censorship, in the form of interest in the quality of professional services, and disclosure in the form of reports that require the profession of auditing companies issued, and these reports are called "transparency reports", which are the focus of the subject.