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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/21643

Title: External auditors and corporate corruption: implications for external audit regulators
Authors: Kassem, Rasha
Higson, Andrew W.
Keywords: Corruption
External auditors
Fraud risks
International audit standards
American audit standards
Issue Date: 2016
Publisher: © American Accounting Association
Citation: KASSEM, R. and HIGSON, A., 2016. External auditors and corporate corruption: implications for external audit regulators. Current Issues in Auditing, 10 (1) (June 2016), pp. P1-P10.
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.
Description: This article was published in Current Issues in Auditing [© American Accounting Association (AAA)].
Version: Accepted for publication
DOI: 10.2308/ciia-51391
URI: https://dspace.lboro.ac.uk/2134/21643
Publisher Link: http://dx.doi.org/10.2308/ciia-51391
ISSN: 1936-1270
Appears in Collections:Published Articles (Business School)

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