External auditors and corporate corruption: Implications for audit regulators: Current Issues in Auditing Journal

Rasha Kassem, Andrew Higson

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

The purpose of the current study is to examine the responsibility of external auditors in relation to corporate corruption and to highlight the implications of this for external audit regulators. The current study is based on a critical review of prior academic literature as well as a thorough examination of both the International and American Auditing Standards relating to fraud and illegal acts. External auditors have a responsibility for assessing corruption risks but their role was not clearly defined by external audit regulators. The current study was the first to clarify the responsibility of external auditors with regards to corporate corruption, and to shed light on current limitations in the audit standards related to this area. The current study also offers recommendations to audit regulators, external auditors, audit firms, and researchers on such controversial area.
Original languageEnglish
Pages (from-to)P1-P10
Number of pages10
JournalCurrent Issues in Auditing
Volume10
Issue number1
Early online dateJan 2016
DOIs
Publication statusPublished - Jun 2016

Bibliographical note

This article was published in Current Issues in Auditing [© American Accounting Association (AAA)].

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