- List of Figures
- List of Tables
- Regulation and Comparative Corporate Governance
- The History of Corporate Governance
- Capital Markets and Financial Politics: Preferences and Institutions
- An International Corporate Governance Index
- Boards and Governance: 25 Years of Qualitative Research with Directors of FTSE Companies
- Process Matters: Understanding Board Behavior and Effectiveness
- Board Committees
- The Governance of Director Networks
- Executive Compensation and Corporate Governance: What Do We “Know” and Where Are We Going?
- Corporate Governance: Ownership Interests, Incentives, and Conflicts
- Financial Leverage and Corporate Governance
- Financial Reporting, Disclosure, and Corporate Governance
- Auditing and Corporate Governance
- The Market for Corporate Control
- The Life Cycle of Corporate Governance
- Corporate Governance in High-Tech Firms
- Family Business and Corporate Governance
- Corporate Governance in IPOs
- Corporate Governance, Multinational Firms, and Internationalization
- Corporate Governance in Business Groups
- Governance in Financial Distress and Bankruptcy
- Venture Capital and Corporate Governance
- Private Equity, Leveraged Buyouts, and Corporate Governance
- Hedge Fund Activism and Corporate Governance
- The Financial Role of Sovereign Wealth Funds
- Corporate Governance and Nonprofits: Facing up to Hybridization and Homogenization
- Corporate Governance and Labor
- Corporate Governance and Principal–Principal Conflicts
- Multiple Agency Theory: An Emerging Perspective on Corporate Governance
- An Age of Corporate Governance Failure?: Financialization and its Limits
- Corporate Governance and Corporate Social Responsibility
Abstract and Keywords
This chapter explores the role of auditors in systems of corporate governance. The discussion refers to international comparisons, where the changing regulatory, methodological, and institutional dimensions of internal and external auditing are emphasized. The first section takes a look at auditing within a fluid and developing corporate governance space, which provides guarantees regarding internal control quality and financial statement. It then discusses auditing standards and knowledge, and related pressures to direct the quality of the auditing market. Finally, the chapter shows auditing as a powerful model of governance.
Andrea Mennicken is Associate Professor in accounting at the London School of Economics and Political Science (LSE) and Deputy Director of the Centre for Analysis of Risk and Regulation (LSE). She received her doctorate from LSE in 2005 on a thesis entitled Moving West: The Emergence, Reform and Standardisation of Audit Practices in Post-Soviet Russia. She holds a Master (LSE) and German Diploma Degree (University of Bielefeld) in sociology. Her work has been published in the journals Accounting, Organizations and Society, Financial Accountability and Management, Foucault Studies, and different edited volumes. She has co-edited (with Hendrik Vollmer) Zahlenwerk: Kalkulation, Organisation und Gesellschaft [Number Work: Calculation, Organisation and Society] (2007). Her research interests include social studies of valuation and accounting, transnational governance regimes, processes of economization and marketization, standardization, and public sector reforms with a special focus on prisons.
Michael Power is Professor of Accounting and Director of the Centre for the Analysis of Risk and Regulation (CARR) at the London School of Economics. His research and teaching focuses on regulation, accounting, auditing, internal control, and risk management. His major work, The Audit Society: Rituals of Verification (1999) has been translated into Italian, Japanese, and French. Organized Uncertainty: Designing a World of Risk Management (2007) has been translated into Japanese. Power holds honorary doctorates from the University of St Gallen, Switzerland, and the University of Uppsala, Sweden.
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