Environmental matters in financial reports: current audit approach change?

Chiang, CKH

Environmental matters in financial reports: current audit approach change?

aut.researcher	Chiang, Christina Kee Hua
dc.contributor.author	Chiang, CKH
dc.date.accessioned	2011-07-12T03:40:32Z
dc.date.available	2011-07-12T03:40:32Z
dc.date.copyright	2010
dc.date.issued	2010
dc.description.abstract	Purpose – This paper examined how New Zealand auditors could be motivated to step up current practice and prioritise the consideration of environmental matters in the audit of financial reports. Institutional Theory is the relevant theory for framing the research. Design/methodology/approach – This research is qualitative. Twenty-seven New Zealand auditors were interviewed using semi-structured questions covering the research topic. Findings – The interview evidence indicate that a legislated mandate enforced by the New Zealand Government is the most powerful driver of change to current audit practice. All other drivers and strategies for further advancing current practice identified by the interviewees would easily follow on from the legislative mandate. Practical implications – Understanding what the potential drivers and strategies for further development in financial auditors’ current practices would (1) assist in aligning financial audit practices with current audit practices of public sector auditors; (2) assist the audit profession and financial auditors to benchmark improvements to current audit. If the changes are implemented, then the New Zealand auditing profession would be meeting overseas expectations for auditors’ role in environmental risk assessment and management in corporate governance. Originality/value – This research will contribute (1) generally to qualitative research in audit practice; (2) specifically to the extant literature and will also add a geographical variation to existing literature, making a timely contribution to the international literature on audit practice at both theoretical and professional practice levels.
dc.identifier.citation	The 9th Annual Auckland Regional Accounting (ARA) Conference, Manukau Institute of Technology, Auckland. 26 November 2010.
dc.identifier.uri	https://hdl.handle.net/10292/1422
dc.publisher	AUT University
dc.relation.uri	http://w3.manukau.ac.nz/aaac/ARA%20Conference%20Programme%202010.pdf
dc.rights	NOTICE: this is the author’s version of a work that was accepted for publication. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication.
dc.rights.accessrights	OpenAccess
dc.subject	Financial auditors
dc.subject	Environmental matters
dc.subject	Audit change
dc.subject	Institutional theory
dc.subject	Institutional isomorphism
dc.title	Environmental matters in financial reports: current audit approach change?
dc.type	Conference Contribution
pubs.organisational-data	/AUT
pubs.organisational-data	/AUT/Business & Law
pubs.organisational-data	/AUT/Business & Law/Accounting