Audit Challenges: Dilemmas for the Auditor in a Global Economy

Karen A Van Peursem ()
Additional contact information
Karen A Van Peursem: Department of Accounting, University of Waikato, Hamilton, New Zealand

Asian Academy of Management Journal of Accounting and Finance (AAMJAF), 2005, vol. 1, issue 1, 53-66

Abstract: This paper is a market-informed analysis of the pressures that come to bear on the auditor of corporate accounts. It is argued that the integrity and independence of the auditor is a portion of the service quality which they bring to the exercise of providing an audit opinion. An economic model is then brought into play in order to illustrate how meeting public expectations, meeting the competitive environment, pleasing the client-company and fulfilling the appearance of independence with practice create pressures on the auditor to produce an 'opinion' that is less than independently-informed. The paper concludes with recommendations for action that may provide greater economic incentives for the auditor to conduct an ethical audit.

Keywords: audit; independence; competition; economics; public good; audit (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://web.usm.my/journal/aamjaf/vol1/1-3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:usm:journl:aamjaf00101_53-66

Access Statistics for this article

More articles in Asian Academy of Management Journal of Accounting and Finance (AAMJAF) from Penerbit Universiti Sains Malaysia Contact information at EDIRC.
Bibliographic data for series maintained by Journal Division, Penerbit Universiti Sains Malaysia ().