The frontiers of auditing research

Abstract

Purpose

The purpose of this paper is to examine issues at the frontiers of auditing research. After the global financial crisis and the earlier round of reforms, there are many opportunities for research, some driven by current proposals for reforms and some by fundamental research issues. Research can contribute to the development of policy in response to current issues. Research can also be valuable in exploring issues raised in past research.

Design/methodology/approach

Issues that are currently of concern to regulators and for which research would be of value are reviewed, together with fundamental issues arising from previous research.

Findings

The introduction of independent regulation, increasing levels of globalization and increased attention to research by regulatory bodies have drawn attention to some research issues, especially auditors providing non-audit services, rotation of audit firms, joint audits and ways to provide increased competition. In addition, there are a number of areas in which there seems to be an obvious need for auditing research, but surprisingly little research is being done. These topics include the impact of higher-quality auditing in developing economies, and assurance for other entities such as charities and small companies. As more attention is now being given to auditing research, there are opportunities in established areas of research as well.

Originality/value

Research is starting to make a contribution in policy making with relation to auditing, but there is still a need for much more research. The paper provides guidance on areas where further research will be valuable.

Citation

Hay, D. (2015), "The frontiers of auditing research", Meditari Accountancy Research, Vol. 23 No. 2, pp. 158-174. https://doi.org/10.1108/MEDAR-12-2014-0062