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The Economics of Auditing: Foundations and Unanswered Questions book cover

1st Edition

The Economics of Auditing Foundations and Unanswered Questions

By Dan A. Simunic Copyright 2025
353 Pages 23 B/W Illustrations
by Routledge

353 Pages 23 B/W Illustrations
by Routledge

353 Pages 23 B/W Illustrations
by Routledge
Also available as eBook on:
The financial information provided to governments, creditors, investors etc. by businesses has been verified by auditors since ancient times. In its modern form, the independent public accounting profession has its roots in 19th century Scotland. A distinctive feature of this profession is that it consists of private for-profit businesses – operating as sole practitioners, partnerships, but... Read more

Part 1

1.       Introduction

 

2.       The Beginning

 

Comments on the paper

 

Pre-thesis workshop paper, March 1973

Part II

3.       The Beginning of the Middle

Comments on the memorandum

1975 memorandum to Nick Dopuch

Part III

4.       The End of the Middle

Comments on the paper

1976 pre-thesis workshop paper

Part IV

5.       The Beginning of the End

Comments on the paper

1977 pre-thesis workshop paper

Part V

6.       The End

 

a.        The Theory – comments on the theory

Theory section of the thesis

b.       Hypotheses and design of the tests – comments on the empirical test design

Specification of variables and hypotheses to be tested section of thesis

c.        Test details and empirical results – comments on the test details and empirical results

Empirical tests: survey design, results, and analysis of the data section of thesis

Part VI

7.       Epilogue

 

8.       Unanswered questions

 

a.        Unravelling the complex web of relationships and incentives that underlie the performance of audits: The effects of capital structure and loss sharing on the audit process

 

b.       The inputs into audit production

 

c.        The divergence between the private costs and social costs of audit failure and the implications for the optimal organization of the auditing profession

 

Index

Biography

Dan A. Simunic is Professor Emeritus in the Accounting and Information Systems Division, Sauder School of Business, The University of British Columbia, Vancouver, BC, Canada.

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