Reflections on the Case for Audit Reform
Seeking to Avoid Future Financial Scandals
Published on 13. March 2025
106 pages
978-1-040-35466-7 (ISBN)
Description
This is the final volume in a four-book miniseries dealing with disruption in audit and financial reporting, this last book focusing on the importance of developing the purpose and concept of auditing in a holistic rather than piecemeal way, whilst reflecting on the case for audit reform.
It looks beyond current events and explores possible new entrants to the market, the role of regulation versus professionalism, developing a more prominent and reinvigorated auditing profession and how to meet wider stakeholder needs. The authors' key proposal for discussion is for the traditional passive audit to be replaced with a proactive style of audit, where granular opinions, forward looking analysis and sensitivity reviews can aid the reader of accounts to come to their own conclusions.
This book should act as a catalyst for radical thinking professionals, students, academics and company directors to influence future government reforms to meet societal needs in the twenty-first century.
It looks beyond current events and explores possible new entrants to the market, the role of regulation versus professionalism, developing a more prominent and reinvigorated auditing profession and how to meet wider stakeholder needs. The authors' key proposal for discussion is for the traditional passive audit to be replaced with a proactive style of audit, where granular opinions, forward looking analysis and sensitivity reviews can aid the reader of accounts to come to their own conclusions.
This book should act as a catalyst for radical thinking professionals, students, academics and company directors to influence future government reforms to meet societal needs in the twenty-first century.
Reviews / Votes
"Reflections on the Case for Audit Reform is both timely and timeless. It arrives at a moment when public patience with superficial reform is wearing thin, yet its message transcends the latest policy cycle. Bhaskar and Sellers remind us that audit, at its best, is a public good - a collective act of listening and accountability that sustains the moral fabric of economic life. Their work rekindles a "passion for leaming and a yearning for change," offering a powerful intellectual legacy from one of the field's most thoughtful scholars and a continuing challenge for all who care about the future of auditing." - Leonid Sokolovskyy, Lecturer, Alliance Manchester Business School, Manchester, UKMore details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Illustrations
1 Tables, black and white
File size
3,26 MB
ISBN-13
978-1-040-35466-7 (9781040354667)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Krish Bhaskar | Rod Sellers
Reflections on the Case for Audit Reform
Seeking to Avoid Future Financial Scandals
Book
approx. 07/2026
1st Edition
Routledge
€30.00
Not yet published
Krish Bhaskar | Rod Sellers
Reflections on the Case for Audit Reform
Seeking to Avoid Future Financial Scandals
Book
04/2025
Routledge
Unfortunately, price unknown
Available (delivery time upon request)
Krish Bhaskar | Rod Sellers
Reflections on the Case for Audit Reform
Seeking to Avoid Future Financial Scandals
Book
03/2025
1st Edition
Routledge
€78.10
Shipment within 15-20 days
Persons
Krish Bhaskar was founding Professor of Accounting and Finance at the University of East Anglia, UK and previously held positions at the London School of Economics and the University of Bristol. He is the author of more than 50 books and has worked extensively in the IT, consulting, investment banking, automotive and forecasting sectors.
Rod Sellers, OBE, FCA, has spent almost 50 years in senior financial and corporate roles in industry.
Rod Sellers, OBE, FCA, has spent almost 50 years in senior financial and corporate roles in industry.
Content
1. Introduction 2. Audit - what does it mean? 3. Audit industry 4. Regulation and the audit market 5. The Groundhog Day merry-go-round, or a new audit concept? 6. The problem with passive audits and regulation 7. Making audit a positive and progressive force for good: promoting the proactive audit 8. Postscript and thoughts to ponder
