The Future of Audit

At a time when increased independence requirements for auditors, legal backing for auditing standards, and increased audit documentation requirements have occurred, this book examines key issues in the market for audit services in Australia. It investigates issues including: the understandability of...

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Үндсэн зохиолчид: Houghton, Keith, Jubb, Christine, Kend, Michael, Ng, Juliana
Формат: Online
Хэл сонгох:англи
Хэвлэсэн: ANU Press 2021
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Онлайн хандалт:459250
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author Houghton, Keith
Jubb, Christine
Kend, Michael
Ng, Juliana
author_browse Houghton, Keith
Jubb, Christine
Kend, Michael
Ng, Juliana
author_facet Houghton, Keith
Jubb, Christine
Kend, Michael
Ng, Juliana
author_sort Houghton, Keith
collection Directory of Open Access Books
description At a time when increased independence requirements for auditors, legal backing for auditing standards, and increased audit documentation requirements have occurred, this book examines key issues in the market for audit services in Australia. It investigates issues including: the understandability of audit and the state of the audit expectations gap; auditors’ business acumen and industry expertise; the auditors’ use of materiality; whether or not the increasingly prescriptive nature of auditing is creating a distraction from the ‘real’ audit task and stifling auditors’ judgement; whether or not CLERP 9 reforms involving audit partner rotation and restrictions on non-audit service provision are efficient and effective and reactions to the increasing scrutiny of auditors and audit firms by regulators. With its thorough coverage of contemporary issues, this book intersperses the authors’ summaries, interpretations and recommendations with the perceptions, expressed in their own words in order to faithfully convey their candid assessments, of users of audit reports, purchasers and suppliers of the audit product, auditing standard setters and regulators of the audit market.
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publishDate 2021
publishDateRange 2021
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publisherStr ANU Press
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spelling doab-20.500.12854ir-357582025-01-26T20:49:16Z The Future of Audit Houghton, Keith Jubb, Christine Kend, Michael Ng, Juliana australia auditing law and legislation Accounting Application-specific integrated circuit Auditor's report Big Four accounting firms Capital market Financial statement Internal audit thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking At a time when increased independence requirements for auditors, legal backing for auditing standards, and increased audit documentation requirements have occurred, this book examines key issues in the market for audit services in Australia. It investigates issues including: the understandability of audit and the state of the audit expectations gap; auditors’ business acumen and industry expertise; the auditors’ use of materiality; whether or not the increasingly prescriptive nature of auditing is creating a distraction from the ‘real’ audit task and stifling auditors’ judgement; whether or not CLERP 9 reforms involving audit partner rotation and restrictions on non-audit service provision are efficient and effective and reactions to the increasing scrutiny of auditors and audit firms by regulators. With its thorough coverage of contemporary issues, this book intersperses the authors’ summaries, interpretations and recommendations with the perceptions, expressed in their own words in order to faithfully convey their candid assessments, of users of audit reports, purchasers and suppliers of the audit product, auditing standard setters and regulators of the audit market. 2021-02-10T12:58:18Z 2013-11-11 00:00:00 2020-04-01T14:55:07Z 2010 book 459250 OCN: 795041149 http://library.oapen.org/handle/20.500.12657/33743 https://directory.doabooks.org/handle/20.500.12854/35758 eng open access image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/33743/1/459250.pdf https://library.oapen.org/bitstream/20.500.12657/33743/1/459250.pdf https://library.oapen.org/bitstream/20.500.12657/33743/1/459250.pdf https://library.oapen.org/bitstream/20.500.12657/33743/1/459250.pdf ANU Press 10.26530/OAPEN_459250 10.26530/OAPEN_459250 975ba519-3ce2-4517-95bf-b847729fbcf1 700 Canberra open access
spellingShingle australia
auditing
law and legislation
Accounting
Application-specific integrated circuit
Auditor's report
Big Four accounting firms
Capital market
Financial statement
Internal audit
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking
Houghton, Keith
Jubb, Christine
Kend, Michael
Ng, Juliana
The Future of Audit
title The Future of Audit
title_full The Future of Audit
title_fullStr The Future of Audit
title_full_unstemmed The Future of Audit
title_short The Future of Audit
title_sort future of audit
topic australia
auditing
law and legislation
Accounting
Application-specific integrated circuit
Auditor's report
Big Four accounting firms
Capital market
Financial statement
Internal audit
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking
topic_facet australia
auditing
law and legislation
Accounting
Application-specific integrated circuit
Auditor's report
Big Four accounting firms
Capital market
Financial statement
Internal audit
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking
url 459250
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