Relationship between the audit function and effective governance

Research output: Contribution to conferencePaperResearch

Abstract

Extract: As early as 1200 A.D. incorporated guilds in the United Kingdom (UK) required annual audits by a committee of members (Watts et al. 1983). The historical evidence suggests that the audit function evolved as an effective monitoring and bonding technology (Watts et al. 1983) that today consists of an international profession fulfilling regulatory requirements for assurance services. Despite auditing’s long history we might well ask, in the light of financial frauds such as Enron and the demise of their auditor Arthur Anderson, and the recent global financial crisis, does the modern audit function enhance effective governance? Is the audit function relevant to contemporary corporate governance structures?
Original languageEnglish
Publication statusPublished - 2014
EventInternational Conference on Business Management2014: Corporate Governance in International Era - Bond University, Robina, Australia
Duration: 28 Aug 201428 Aug 2014

Conference

ConferenceInternational Conference on Business Management2014
Abbreviated titleICBM
CountryAustralia
CityRobina
Period28/08/1428/08/14

Fingerprint

Audit
Governance
Enron
Corporate governance
Global financial crisis
Auditors
Assurance services
Auditing
Governance structure
Guilds
Monitoring

Cite this

Duncan, K. (2014). Relationship between the audit function and effective governance. Paper presented at International Conference on Business Management2014, Robina, Australia.
Duncan, Keith. / Relationship between the audit function and effective governance. Paper presented at International Conference on Business Management2014, Robina, Australia.
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note = "International Conference on Business Management2014 : Corporate Governance in International Era, ICBM ; Conference date: 28-08-2014 Through 28-08-2014",

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Duncan, K 2014, 'Relationship between the audit function and effective governance' Paper presented at International Conference on Business Management2014, Robina, Australia, 28/08/14 - 28/08/14, .

Relationship between the audit function and effective governance. / Duncan, Keith.

2014. Paper presented at International Conference on Business Management2014, Robina, Australia.

Research output: Contribution to conferencePaperResearch

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AB - Extract: As early as 1200 A.D. incorporated guilds in the United Kingdom (UK) required annual audits by a committee of members (Watts et al. 1983). The historical evidence suggests that the audit function evolved as an effective monitoring and bonding technology (Watts et al. 1983) that today consists of an international profession fulfilling regulatory requirements for assurance services. Despite auditing’s long history we might well ask, in the light of financial frauds such as Enron and the demise of their auditor Arthur Anderson, and the recent global financial crisis, does the modern audit function enhance effective governance? Is the audit function relevant to contemporary corporate governance structures?

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Duncan K. Relationship between the audit function and effective governance. 2014. Paper presented at International Conference on Business Management2014, Robina, Australia.