Regulation of the auditing profession
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Date
Authors
Odendaal, Elizabeth Margaretha
De Jager, Herman
Journal Title
Journal ISSN
Volume Title
Publisher
Southern African Institute of Government Auditors
Abstract
The way in which the auditing profession is regulated is one of the factors adding value to, or undermining the value of the audit function. This article identifies the factors that are important to a regulatory system and evaluates the self-regulating structure of the auditing profession in terms of those factors. It appears that those elements that are important to a regulatory system are not adequately addressed by the auditing profession's current regulations. The fundamental reason for this can be traced back to the composition and financing of the regulator.
Description
Keywords
Regulation, Self-regulation, Public interest, Public confidence, Assurance
Sustainable Development Goals
Citation
Odendaal, EM & De Jager, H 2005, 'Regulation of the auditing profession', Southern African Journal of Accountability and Auditing Research, vol. 6, pp. 23-38. [http://www.saiga.co.za/publications-sajaar.htm]