In pursuit of a more socially relevant audit in the context of international standardisation
(2023) p.19-45- Abstract
- This chapter aims to enhance our understanding of the implications international standardisation have for audit innovation at the national level. The study analyses the ways in which transnational regulation effectuates institutional constraints on audit innovation in Sweden as a setting to discuss the capacity for the audit profession to innovate and make audits more socially relevant. Based on document analysis, two standard setting initiatives which the Swedish professional association, FAR was involved are reviewed: Standard for audits of small entities; and Standard on assurance of sustainability reports. While audit is conceived to be transforming to meet contemporary societal challenges, findings reveal that audit innovation has... (More)
- This chapter aims to enhance our understanding of the implications international standardisation have for audit innovation at the national level. The study analyses the ways in which transnational regulation effectuates institutional constraints on audit innovation in Sweden as a setting to discuss the capacity for the audit profession to innovate and make audits more socially relevant. Based on document analysis, two standard setting initiatives which the Swedish professional association, FAR was involved are reviewed: Standard for audits of small entities; and Standard on assurance of sustainability reports. While audit is conceived to be transforming to meet contemporary societal challenges, findings reveal that audit innovation has been constrained by normative, cognitive and regulative forces interacting to reinforce international audit standardisation, thereby limiting the development of the role and conceptual foundations of audit. This chapter stresses the importance of critically reflecting on the conditions under which national professional associations engage in audit innovation. Based on our analysis of the audit innovation context, we offer ways forward to encourage policymakers, regulators, the audit profession and academia to explore the possibilities to re-think and re-conceptualise audit differently in pursuit of a more socially relevant audit. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/c328dff4-23bf-4442-a1d8-1556aa6ee100
- author
- Sonnerfeldt, Amanda LU and Eklöv Alander, Gunilla
- organization
- publishing date
- 2023-08-25
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- Standardisation, international auditing, regulation, sustainability assurance, SME auditing
- host publication
- Auditing Transformation : Regulation, Digitalisation and Sustainability - Regulation, Digitalisation and Sustainability
- editor
- Marton, Jan ; Nilsson, Fredrik and Öhman, Peter
- pages
- 27 pages
- publisher
- Routledge Taylor & Francis Group
- external identifiers
-
- scopus:85170155552
- ISBN
- 9781003411390
- DOI
- 10.4324/9781003411390-3
- language
- English
- LU publication?
- yes
- id
- c328dff4-23bf-4442-a1d8-1556aa6ee100
- date added to LUP
- 2023-09-13 10:50:57
- date last changed
- 2023-10-27 16:31:41
@inbook{c328dff4-23bf-4442-a1d8-1556aa6ee100,
abstract = {{This chapter aims to enhance our understanding of the implications international standardisation have for audit innovation at the national level. The study analyses the ways in which transnational regulation effectuates institutional constraints on audit innovation in Sweden as a setting to discuss the capacity for the audit profession to innovate and make audits more socially relevant. Based on document analysis, two standard setting initiatives which the Swedish professional association, FAR was involved are reviewed: Standard for audits of small entities; and Standard on assurance of sustainability reports. While audit is conceived to be transforming to meet contemporary societal challenges, findings reveal that audit innovation has been constrained by normative, cognitive and regulative forces interacting to reinforce international audit standardisation, thereby limiting the development of the role and conceptual foundations of audit. This chapter stresses the importance of critically reflecting on the conditions under which national professional associations engage in audit innovation. Based on our analysis of the audit innovation context, we offer ways forward to encourage policymakers, regulators, the audit profession and academia to explore the possibilities to re-think and re-conceptualise audit differently in pursuit of a more socially relevant audit.}},
author = {{Sonnerfeldt, Amanda and Eklöv Alander, Gunilla}},
booktitle = {{Auditing Transformation : Regulation, Digitalisation and Sustainability}},
editor = {{Marton, Jan and Nilsson, Fredrik and Öhman, Peter}},
isbn = {{9781003411390}},
keywords = {{Standardisation; international auditing; regulation; sustainability assurance; SME auditing}},
language = {{eng}},
month = {{08}},
pages = {{19--45}},
publisher = {{Routledge Taylor & Francis Group}},
title = {{In pursuit of a more socially relevant audit in the context of international standardisation}},
url = {{http://dx.doi.org/10.4324/9781003411390-3}},
doi = {{10.4324/9781003411390-3}},
year = {{2023}},
}