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How will the much-feared US Recession (2008) affect Audit/ IT Audit jobs?


How will the much-feared US Recession (2008) affect Audit/ IT Audit jobs?

It will have little or no effect.

In the real business world, companies get audited because of some government mandate, or because they have borrowed money & the loaner demands an audit.

In recession or good times, these mandates are unchanged. How recession or good times make a difference in business is in the somewhat optional investments. Shall we invest in new technology? Shall we invest in research & development? Is this a good time to launch a new marketing campaign?

That sort of thing is affected by how tight the money is, inflationary things like gas prices, sense of availability of money from customers.

US Recession will affect Audit to a great extent in 2008 as there will be a change in the US Presidency. In recession, people may loose jobs resulting into less of Audit work..

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