Factors that affect the auditor's competence and ways to vanquish problems

In today's commercial environment, competition is severe, and this also applies to the public accounting services sector. Thus, in order to prosper in this fiercely competitive landscape, a public accounting company needs to be capable of attracting and retaining a sizable clientele by highlighting its professionalism and expertise. This will facilitate the firm's ability to cater not only to its current clientele but also to others as well. It is often known that a professional auditor's competence in the discipline of auditing is one of the most crucial components of a professional auditor's capacity to produce an excellent audit. This relates to their competence as professionals, which they have developed via formal education, passing professional examinations as well as employment as auditors.