This chapter reviews key issues for future auditing research that is relevant to the future of auditing. We reflect on key issues for future research including audit quality; auditor independence; regulation; audit markets; auditing and governance; and auditing of private companies. We review issues...

What is the function of auditing, and why is it important? In recent decades there have been a series of financial disasters, affecting thousands, if not millions, of people, many of whom have lost their life savings, and which have destroyed once successful companies, further damaging the...