Department of Organization

New Auditing with Accountability Report

03/19/2020

New Auditing with Accountability Report: Shrinking the opportunity spaces for audit failure

The report is a result of a collaborative research project between academics at the University of Sheffield (Professor Adam Leaver) and Copenhagen Business School (Associate Professor Duncan Wigan, PhD Fellow Saila Stausholm and Professor Leonard Seabrooke). The research was funded by Luminate, and commissioned in collaboration with the Joffe Charitable Trust.

In recent years, a number of high-profile company failures have raised fundamental questions about the willingness and/or ability of auditors to exercise the professional scepticism necessary for the production of robust audits.

The report argues that audit failure takes place within a particular configuration of economic, cultural and regulatory arrangements which create the 'opportunity spaces' for poor practice. Shrinking those opportunity spaces requires a multi-dimensional response, including the structural separation of audit and non-audit functions, a more robust system of fines and the integration of a civil society voice into the reform process to prevent regulatory capture.

Please read the complete report here 

Link to CRAFIC

The page was last edited by: Department of Organization // 03/19/2020