The market for financial report audits : regulation of and competition for auditor independence

Houghton, Keith A. and Jubb, Christine 2003, The market for financial report audits : regulation of and competition for auditor independence, Law and policy, vol. 25, no. 3, pp. 299-321.

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Title The market for financial report audits : regulation of and competition for auditor independence
Author(s) Houghton, Keith A.
Jubb, Christine
Journal name Law and policy
Volume number 25
Issue number 3
Start page 299
End page 321
Publisher Blackwell Publishing Ltd.
Place of publication Oxford, England
Publication date 2003-07
ISSN 0265-8240
1467-9930
Summary The independence of auditors and the quality of financial report audits generally are rarely tested except in circumstances of corporate failure when alleged sub-optimality is present. Often auditors have good defences as to their expertise or competency, but rarely do they have equally convincing defences for the independence of their audit. A major issue for the regulation of auditor independence is that the threats to independence are often subtle and difficult to measure. This paper argues that firms undertaking financial report audits need to be transparent and competitive in respect of auditor independence. Two models that adopt this premise are proposed.
Language eng
Field of Research 150102 Auditing and Accountability
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2003 Blackwell Publishing Ltd
Persistent URL http://hdl.handle.net/10536/DRO/DU:30006616

Document type: Journal Article
Collection: Deakin Graduate School of Business
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