Auditing with Accountability: Shrinking the Opportunity Spaces for Audit Failure

Adam Leaver*, Leonard Seabrooke, Saila Stausholm, Duncan Wigan

*Corresponding author af dette arbejde

Publikation: Bog/antologi/afhandling/rapportRapport

Abstrakt

In recent years, a number of high-profile company failures have raised fundamental questions about the willingness and/or ability of auditors to exercise the professional scepticism necessary for the production of robust audits.
The report argues that audit failure takes place within a particular configuration of economic, cultural and regulatory arrangements which create the 'opportunity spaces' for poor practice. Shrinking those opportunity spaces requires a multi-dimensional response, including the structural separation of audit and non-audit functions, a more robust system of fines and the integration of a civil society voice into the reform process to prevent regulatory capture.
OriginalsprogEngelsk
UdgivelsesstedSheffield
ForlagUniversity of Sheffield
Antal sider48
StatusUdgivet - 13 mar. 2020

Emneord

  • Audit failure
  • Audit reform
  • Accounting reform
  • Corporate collapse
  • Accountability

Citationsformater