Lobbying the Auditing Practices Board: Analysis of Responses to the Expanded Audit Report

24 Pages Posted: 28 Apr 2012

See all articles by Stuart Manson

Stuart Manson

University of Essex

Mahbub Zaman

Hull University Business School

Date Written: April 27, 2012

Abstract

Please enter abstract text here.In 1993 the Auditing Practice Board (APB) in the United Kingdom issued Statement of Auditing Standard 600, auditors' Reports on Financial Statements. The new expanded audit report was issued in an attempt to reduce the audit expectations gap. Prior to the issuing of this standard the APB issued a Consultative Document in 1991 and an Exposure Draft in 1992. In this paper we investigate the comments made to the APB by respondents to these two documents. We found that a number of respondents doubted whether the new standard was of itself sufficient to reduce the expectations gap. In addition, we found that where respondents made substantive suggestions for changes to the proposed standard these generally were not implemented by the APB.

Keywords: auditors' report, auditing, communication, governance, lobbying, regulation

JEL Classification: M41, M42

Suggested Citation

Manson, Stuart and Zaman, Mahbub, Lobbying the Auditing Practices Board: Analysis of Responses to the Expanded Audit Report (April 27, 2012). Accounting Forum, Vol. 23, No. 1, pp. 11-34, March 1999. Available at SSRN: https://ssrn.com/abstract=942195

Stuart Manson

University of Essex ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

Mahbub Zaman (Contact Author)

Hull University Business School ( email )

Hull, HU6 7RX
United Kingdom

HOME PAGE: http://www.mahbubzaman.com

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