Final Considerations About Auditing
In this chapter, we discuss why corporate governance and differences in the international regulation of auditing practice are of importance. This chapter discusses so-called âmeta-issuesâ, issues above and beyond the specific auditing standards used. Specifically, we discuss:
•corporate governance and its implications for auditors;
•auditor regulation in different venues;
•financial reporting standards (International Financial Reporting Standards [IFRS], Generally Accepted Accounting Principles [GAAP]) and their implications for understanding audited financial statements; and
•implications for researchers, practitioners, and students. ...