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]