Leading academic and professional accountants have suggested that the crisis in auditing over the past few years may have had its origin in deregulation which allowed firms to advertise their services and solicit new clients, encouraging accounting firms to become more commercial. In this paper,...

This chapter reviews key issues for future auditing research that is relevant to the future of auditing. We reflect on key issues for future research including audit quality; auditor independence; regulation; audit markets; auditing and governance; and auditing of private companies. We review issues...

What is the function of auditing, and why is it important? In recent decades there have been a series of financial disasters, affecting thousands, if not millions, of people, many of whom have lost their life savings, and which have destroyed once successful companies, further damaging the...

The purpose of this paper is to integrate research on audit markets, fees and production. We present a model of the components that determine audit fees and production [hours]. We observe that, overall, knowledge is concentrated on certain aspects of the model and it is not well-integrated. In...

pt. 1. The social environment of auditing -- pt. 3. The impact of regulation of auditing -- pt. 3. Research on the process of auditing -- pt. 4. Issues concerned with audit reporting -- pt. 5. Alternative auditing services -- pt. 6. Conclusion.