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Debates In The Literature Regarding Audit Reporting

Author

Listed:
  • George Silviu CORDOŞ

    (Babeş - Bolyai Univerity of Cluj - Napoca)

  • Melinda Timea FÜLÖP

    (Babeş - Bolyai Univerity of Cluj - Napoca)

Abstract

The analysis of the literature review on the topic of audit reporting, can be divided into five main areas of research, specifically a) audit reporting and perceived audit quality, b) approaches to improve audit communication, c) means to reduce the audit expectation gap, d) going concern auditor reporting and e) other matters relating to audit reporting. We have followed the technique and the stages of the systematic literature review, because it offers a more defined approach to highlight the most important concepts discussed in the literature. Thus we believe that the literature reviews is a contribution in this research field. The analysed papers in the literature review confirm that there is a need for new and improved audit reporting regulations, that the IAASB and other regulating boards have concentrated on revision processes and that stakeholder feedback is crucial in the process. Other findings suggest that interested parties who have a higher level of accounting and audit education, better understand the auditor's responsibility, independence, and level of assurance they provide.

Suggested Citation

  • George Silviu CORDOŞ & Melinda Timea FÜLÖP, 2020. "Debates In The Literature Regarding Audit Reporting," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(22), pages 1-4.
    • Handle: RePEc:alu:journl:v:1:y:2020:i:22:p:4
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    References listed on IDEAS

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    23. Pran Krishansing Boolaky, 2011. "Auditing and reporting in Europe: an analysis using country-level data," Managerial Auditing Journal, Emerald Group Publishing, vol. 27(1), pages 41-65, November.
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    26. Peter J. Carey & Marshall A. Geiger & Brendan T. O’Connell, 2008. "Costs Associated With Going‐Concern‐Modified Audit Opinions: An Analysis of the Australian Audit Market," Abacus, Accounting Foundation, University of Sydney, vol. 44(1), pages 61-81, March.
    27. Kaplan, Steven E. & Mauldin, Elaine G., 2008. "Auditor rotation and the appearance of independence: Evidence from non-professional investors," Journal of Accounting and Public Policy, Elsevier, vol. 27(2), pages 177-192.
    28. Jasim Al-Ajmi & Shahrokh Saudagaran, 2011. "Perceptions of auditors and financial-statement users regarding auditor independence in Bahrain," Managerial Auditing Journal, Emerald Group Publishing, vol. 26(2), pages 130-160, January.
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    31. Lois Munro & Jenny Stewart, 2011. "External auditors' reliance on internal auditing: further evidence," Managerial Auditing Journal, Emerald Group Publishing, vol. 26(6), pages 464-481, June.
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    33. Paul J. Coram & Theodore J. Mock & Jerry L. Turner & Glen L. Gray, 2011. "The Communicative Value of the Auditor's Report," Australian Accounting Review, CPA Australia, vol. 21(3), pages 235-252, September.
    34. Mai Dao & Trung Pham, 2014. "Audit tenure, auditor specialization and audit report lag," Managerial Auditing Journal, Emerald Group Publishing, vol. 29(6), pages 490-512, May.
    35. Ahsan Habib, 2013. "A meta-analysis of the determinants of modified audit opinion decisions," Managerial Auditing Journal, Emerald Group Publishing, vol. 28(3), pages 184-216, March.
    36. Prem Sikka & Steven Filling & Pik Liew, 2009. "The audit crunch: reforming auditing," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(2), pages 135-155, January.
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    More about this item

    Keywords

    audit; negotiation; auditor; auditee;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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