ACCY 962 T1 Essay. "Auditing does not guarantee the truth of the information in financial statements and is a waste of time" – to what extent do you agree with this comment? Discuss theories of why we have audits such as agency theory, the information hypothesis, and insurance hypothesis. Also discuss the expectation gap in your essay. 2,000 words. Give at least 8 academic journal articles and at least 2 other relevant references to your essay. (Minimum of ten references in total).