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Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Business risk auditing: A regressive evolution?-A research note
Authors: Flint, Christine
Fraser, Ian
Hatherly, David J
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Keywords: Business risk auditing
Audit methodology
Audit change
Issue Date: Jun-2008
Publisher: Elsevier
Citation: Flint C, Fraser I & Hatherly DJ (2008) Business risk auditing: A regressive evolution?-A research note, Accounting Forum, 32 (2), pp. 143-147.
Abstract: Business risk auditing (BRA) has been much publicised as revolutionary. The essence of the phenomenon, and the actual impact on practice, however, are unclear. This note revisits some pre-BRA interview evidence investigating auditor engagement with business risk. The evidence suggests that, pre-BRA, big-six auditors were already familiar with concepts of business risk although they were uncertain as to how precisely business risk informed the audit process. This suggests that BRA was evolutionary, rather than revolutionary, change and that the engagement of recent international standards with business risk is not significantly different from that of big-six auditors pre-BRA. The BRA era in audit methodology might be conceptualized as one of regressive evolution. Copyright 2008 ElsevierCopyright of Accounting Forum (Elsevier) is the property of Elsevier Science and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Type: Journal Article
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Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: University of Stirling
Accounting and Finance
University of Edinburgh

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