Auditing and Society

Wally Smieliauskas is a professor of accounting at the University of Toronto, where he has been a faculty member since 1979. He received his PhD from the University of Wisconsin in 1980. He has published a variety of research on auditing issues, including a textbook now in its 8th edition. At the University of Toronto, Professor Smieliauskas developed the first degree-credit auditing course (in 1981) and the first advanced audit course (in 1990). In 1988–1993 he was the first director of the pioneering MBA Co-op program in Professional Accounting. The program is designed to facilitate the entry of undergraduate and graduate students from various fields into the profession and to provide a broader management education as well as specialized training in accounting, auditing, and tax topics. It has evolved to become the Master of Management & Professional Accounting (MMPA) program now offered through the University of Toronto’s Mississauga campus. Minlei Ye is an associate professor of accounting at the University of Toronto, where she been a faculty member since 2009. She received her PhD from the University of British Columbia in 2009. She has published several auditing research articles in top-tier accounting journals. She has taught advanced auditing courses with Prof. Wally Smieliauskas for MMPA students. Ping Zhang is a professor of accounting at the University of Toronto, where he has been a faculty member since 2000. He received his PhD from the University of Waterloo in 1994 and was a faculty member at Wilfrid Laurier University and the University of Waterloo. He has published several research papers on auditing issues.

Introduction Chapter 1: History of Auditing and Accountability in Society Chapter 2: Social Theory and Auditing: Role of Social Norms, Culture, Politics, Institutions and Ideology Chapter 3: Professional Ethics and Reputation Chapter 4: Audit Regulation Chapter 5: Auditing Standards Chapter 6: Auditor Liability and Litigation Risk Chapter 7: Measurement of Audit Quality Chapter 8: Determination of Audit Fees Chapter 9: Research on the Impact of Audits Chapter 10: Audits of Compliance Reporting with GAAP Chapter 11: Audits of Fair Presentation Reporting