Description:
This book provides a concise overview of the function of auditing and the future challenges it faces.The author reviews current assumptions about the value of audits of financial statements.This guide to the future of auditing will be useful not only to auditing researchers but also to policy makers and auditing professionals.
Review Quotes:
"Professor Hay has done an extremely good job laying out the economic foundation and value of the audit in a variety of settings. This message is sometimes lost in a complex economic environment where regulation can overshadow other forces. Clearly, auditing has much more to offer to market participants than simply a compliance exercise." -- W. Robert Knechel, Director of the International Accounting and Auditing Center, University of Florida, USA