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Taking Responsibility: The Early Demand for Institutional Action to Define an Auditor's Duties
Author(s) -
Chandler Roy A.
Publication year - 1997
Publication title -
international journal of auditing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.583
H-Index - 21
eISSN - 1099-1123
pISSN - 1090-6738
DOI - 10.1111/1099-1123.00021
Subject(s) - audit , honour , competence (human resources) , accounting , business , variety (cybernetics) , action (physics) , professional association , public relations , legal action , function (biology) , law , political science , economics , management , physics , quantum mechanics , artificial intelligence , evolutionary biology , computer science , biology
The potential conflict between public and private interests in the audit function dates back to the early days of the organized profession. Membership of a professional body was intended to demonstrate not only the competence but also the honour of an individual practitioner. A possible role of a professional accounting association is to protect their members' interests by issuing some form of official pronouncements to guide both suppliers and customers of auditing services. However, for a variety of reasons the accounting bodies during the nineteenth century were reluctant to promulgate standards or guidance, in spite of clear signs of a demand from various quarters, including their own members.