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Title The future of audit : keeping capital markets efficient / Keith Houghton [and others]
Published Acton, A.C.T. : ANU E Press, 2010
Online access available from:
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Description 1 online resource
Contents Introduction and summary of findings -- Research method -- Understanding of the audit and perceptions of the deliverables -- Communication -- Understanding of materiality -- Developing business acumen and client and industry knowledge -- Attracting and supporting staff -- Retention of staff -- Auditor independence -- Regulatory reforms to audit: their impacts -- Increasingly Prescriptive audits: A Distraction for Auditors? -- The approach, operation and resources of regulators -- Competition -- Differential auditing standards -- Internal audit -- Other assurance services and reports -- Differing levels of audit assurance -- Conclusion and recommendations
Summary "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."--Publisher's description
Analysis Auditing
Capital Markets
Related To isMemberOf Books
Notes Includes index
Print version record
Subject Auditing -- Law and legislation -- Australia.
Auditing -- Standards -- Australia.
Auditing -- Australia.
Auditors -- Australia.
Auditors' reports -- Australia.
Genre/Form Book
Form Electronic book
Author Houghton, Keith A
Jubb, Christine.
Kend, Michael
Ng, Juliana
ISBN 192166651X (electronic bk.)
9781921666513 (electronic bk.)