The recent audit failures which have rocked financial markets worldwide have accentuated the need for a better understanding of the link between risk, control and audit quality; as well as emphasising the need to open the "black box" of the ways auditing firms actually function. Reflecting these imperatives, Auditing Teams unravels the organizational and management issues in audit firms that are key to achieving effectiveness in service provision.
Specifically, this key research reflects upon the relevance and dynamics of auditing teams and their impact on auditing quality, and specifically responding to the recent claim from regulators which highlights auditing team characteristics as the source of wide variations in quality.
By leveraging different perspectives – auditing, management accounting, organization and psychology – to investigate auditing teams and basing on evidence collected from the professional world, this book will provide a unique insight into the role of auditing teams on audit quality.
It will be of great interest to scholars and advanced students in auditing, as well as to practitioners and regulators in the field.
Auditing Teams is a comprehensive summary of the academic research related to an important and unique feature of the audit environment. It provides an in-depth analysis of the role, characteristics and dynamics of auditing teams. While it draws mainly from the audit judgment and decision-making literature, it also provides valuable insights into some archival research that has examined some aspects of audit team performance, and into practice through the results of a field study conducted by the authors. It is a source of valuable knowledge to practitioners and regulators who wish to be informed on the extant of the research performed to date, as well as to researchers who wish to further explore some of the issues brought to light by this monograph.
Michael Favere-Marchesi, Associate Professor of Accounting, Beedie School of Business, Simon Fraser University, Canada.
Table of Contents
Chapter 1 – Introduction
Chapter 2 – The management of auditing firms
Chapter 3 - Individual auditors
Chapter 4 – Auditing teams
Chapter 5 – Auditing teams control
Chapter 6 - Evidence from the field
Chapter 7 – Conclusions
The fields of business and management have grown exponentially as areas of research and education. This growth presents challenges for readers trying to keep up with the latest important insights. Routledge Focus on Business and Management presents small books on big topics and how they intersect with the world of business research.
Individually, each title in the series provides coverage of a key academic topic, whilst collectively, the series forms a comprehensive collection across the business disciplines.