[extract] This article sets out UK regulatory developments concerning statutory audits of companies and investigates their coherence and likely efficacy given the theoretical, empirical and practical problems of defining and assessing audit quality. Although the regulatory details in this article are drawn from the UK, some of its theoretical arguments are more generally applicable and some of the empirical literature relates to other jurisdictions.
"Audit Quality and the Market for Audits: An Analysis of Recent UK Regulatory Policies,"
Bond Law Review:
1, Article 2.
Available at: http://epublications.bond.edu.au/blr/vol18/iss1/2