Journal article
Exploring Changing Requirements of Financial Statement Audit Reports via a Morphogenetic Approach
Australasian Accounting, Business & Finance Journal, Vol.15(2), pp.38-55
2021
Abstract
There has been an ongoing concern with the quality of financial audit reports issued by registered public accounting firms in relation to financial accountability and transparency of the financial statements. In July 2009 the Public Accounting Oversight Board (PCAOB) released a concept paper outlining changes to the requirements of financial audit activities such as the inclusion of the engagement partner’s signature on the financial audit reports. The aim of these new requirements was to improve the accountability of engagement partners as well as enhance the perception of transparency of the audit reports. However, the contribution and effectiveness of these requirements to improve accountability and transparency of audit reports for various stakeholders relying on the audited financial information is questionable. This study explores the impact and effectiveness of changes to auditing regulation and processes through the application of Archer’s (1995) morphogenetic approach which is based on social conditioning, social interaction, and social elaboration where the structural influences provides the environment for agents to differentiate themselves. In addition, this study demonstrates how proposed regulation changes mould the qualities of audit regulation, the profession and the auditor whose perspectives deserved to be noticed from the dominant constituencies structured by the propositions of a morphogenetic analysis.
Details
- Title
- Exploring Changing Requirements of Financial Statement Audit Reports via a Morphogenetic Approach
- Authors
- Ying Deng (Author) - Zhejiang University of Finance and EconomicsGraham Bowrey (Author) - University of the Sunshine Coast, Queensland, School of Business and Creative IndustriesGreg Jones (Author) - University of Southern Queensland
- Publication details
- Australasian Accounting, Business & Finance Journal, Vol.15(2), pp.38-55
- Publisher
- University of Wollongong
- DOI
- 10.14453/aabfj.v15i2.4
- ISSN
- 1834-2019
- Organisation Unit
- School of Business and Creative Industries; University of the Sunshine Coast, Queensland
- Language
- English
- Record Identifier
- 99518308302621
- Output Type
- Journal article
Metrics
26 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- Domestic collaboration
- International collaboration
- Web Of Science research areas
- Business, Finance
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites