The Frontiers of Auditing Research

Abstract

In this paper I examine issues at the frontiers of auditing research. After the global financial crisis and the earlier round of reforms, there are many opportunities for research, some driven by current proposals for reforms and some by fundamental research issues. Research can contribute to the development of policy in response to current issues. Research can also be valuable in exploring issues raised in past research. The introduction of independent regulation, increasing levels of globalisation and increased attention to research by regulatory bodies have drawn attention to some research issues, especially auditors providing non-audit services; rotation of audit firms; joint audits; and ways to provide increased competition. In addition, there are a number of areas in which there seems to be an obvious need for auditing research, but surprisingly little research is being done. These topics include the impact of higher-quality auditing in developing economies, and assurance for other entities such as charities and small companies. As more attention is now being given to auditing research, there are opportunities in established areas of research as well.

Keywords: Auditing, Audit research, Audit expectation gap, Auditing standards, Auditing research opportunities

JEL Classification: J44, L84, M41