The importance of fostering more accurate audits has been heightened by a series of high-profile accounting scandals at the beginning of the millennium. These scandals prompted more stringent regulations over corporate governance and financial reporting and the creation of audit oversight bodies...

The liberalisation and privatisation of network utilities lead to the establishment of regulatory regimes. On the national level, regulatory regimes not only include a highly visible single regulatory body, they also combine three institutions: a sector-specific regulatory agency, a ministry and...