Since the early 1980s there has been an explosion of auditing activity in the United Kingdom and North America. Why has this happened? This book is the first systematic exploration of "audit" as a principle of social organization and control. The author critically examines the reasons, means, and consequences of this audit explosion. He raises important questions about the efficacy of audit processes and suggests that the consequences of this must be carefully evaluated.
|Publisher:||Oxford University Press, USA|
|Product dimensions:||9.10(w) x 6.10(h) x 0.80(d)|
About the Author
Michael Power is Professor of Accounting at the London School of Economics. He is a qualified accountant himself and has undertaken audit work for one of the major accounting firms.
Table of Contents
1. The Audit Society: General Themes
2. The Rise of Audit
3. The Audit Explosion
4. Audit and the Dialectic of Regulatory Failure
5. Audit Knowledge and the Construction of Auditees
6. Beyond Audit, Towards Trust
Most Helpful Customer Reviews
Why are individuals willing to live in an “audit society” where almost everything is checked? Perhaps they accept such monitoring because few folks would want to live under the opposite conditions, where nothing is checked. People want to know that their planes can fly, their banks won’t fail and their food is safe. Thus, auditing has become ubiquitous – but does it exist only for its own sake, or does it have intrinsic value? Does it help, hurt or control society? In this reprint of his original 1997 work, accounting lecturer Michael Power explains how auditing has come to permeate the social, political, corporate and economic worlds. His short text is often a hard, dense read, but he’ll broaden your understanding of auditing beyond the numbers in a ledger: Auditing, he teaches, underpins many facets of society and involves crucial questions of trust. getAbstract believes accountants, auditors and those who hire them will find this work particularly relevant, but those seeking deeper knowledge of professional practices and of how society works also will be intrigued.