Implications of Auditing Changes on Australian Companies

This research project aims to analyze and understand changes of auditing requirements that have been brought into account in recent periods. The study will adopt an exploratory research design with a mixed-methods approach, using primary and secondary data. The sampling frame will comprise auditors employed at various auditing organizations in Australia. The data will be analyzed according to theme-based analysis for qualitative research and statistical analysis for quantitative research, or a combination of both for mixed approach. The study will address all ethical concerns by catering to all procedures.

Research Project title
Your name
Student Number
BUS707 Applied Business Research

Introduction to the research
• Increasing globalization have enhanced need for
increased need for auditing requirements.
• Client organization includes various auditing
firm’s.
• The study aims to ascertain implications of
auditing changes on Australian companies.
• The proposal encompasses a brief review of
literature sources and methodologies to arrive at
findings related to the study.

Research Problem & Research Objectives
State the overall research problem and research objectives based on your
brief research plan (A1), revised A1 if necessary.
Research Problem:
Analysing and understanding changes of auditing requirements that has been
brought into account in recent period.
Research Objectives :
1. To understand implications of auditing related changes and their
implications
2. To evaluate changes in auditing implications on Australian firms

Literature Review
• Changes of ISA that enhances effectiveness in
communication and interactions amongst
varied stakeholder groups.
• Impact of extended auditing requirements on
corporate governance.

Research Design & Methodology
• Exploratory research design has been adopted for this
purpose.
• Qualitative and quantitative approach, meaning a mixed
methods has been applied to conduct the study.
• Primary with secondary data has been used for this
study.
• Data will be collected by means of various ways such as
interview or observation for qualitative research, and/or
survey and experiment for quantitative research

Research Design & Methodology
(cont)
• Sampling frame will comprise off auditors employed at
various auditing organizations in Australia.
• The data will be analysed according to theme-based
analysis for qualitative research and statistical analysis
for quantitative research, or a combination of both for
mixed approach).
• The methodology plan will address all ethical concern
by catering to all procedures. There will be no force
applied on any participant during the study.

Ethical considerations
The scholar will at no ethical implications
related to the study procedure as the scholar
will aim to ad here to possible ethical
challenges.

Reference List
• Auditing and Assurance Standards Board 2015 AUASB invites comments on
Exposure Draft 01/15 – enhancements to auditor reporting
• Carson, E., Fargher, N.L., Geiger, M.A., Lennox, C.S., Raghunandan, K. and
Willekens, M., 2012. Audit reporting for going-concern uncertainty: A research
synthesis. Auditing: A Journal of Practice & Theory, 32(sp1), pp.353-384.
• Christensen, B.E., Glover, S.M. and Wolfe, C.J., 2014. Do critical audit matter
paragraphs in the audit report change nonprofessional investors' decision to
invest? Auditing: A Journal of Practice & Theory, 33(4), pp.71-93
• Christensen, B.E., Glover, S.M., Omer, T.C. and Shelley, M.K., 2016.
Understanding audit quality: Insights from audit professionals and
investors. Contemporary Accounting Research, 33(4), pp.1648-1684.
• Christensen, H.B., Hail, L. and Leuz, C., 2013. Mandatory IFRS reporting and
changes in enforcement. Journal of Accounting and Economics, 56(2-3),
pp.147-177.
• Ernst and Young 2016 Enhanced auditor’s reporting Assurance – Special edition

Reference List
• Gold, A., Gronewold, U. and Pott, C., 2012. The ISA 700 auditor's report and the audit
expectation gap–do explanations matter?. International Journal of Auditing, 16(3), pp.286-
307.
• Gramling, A.A., Krishnan, J. and Zhang, Y., 2011. Are PCAOB-identified audit deficiencies
associated with a change in reporting decisions of triennially inspected audit firms?. Auditing:
A Journal of Practice & Theory, 30(3), pp.59-79.
• Gray, G.L., Turner, J.L., Coram, P.J. and Mock, T.J., 2011. Perceptions and misperceptions
regarding the unqualified auditor's report by financial statement preparers, users, and
auditors. Accounting Horizons, 25(4), pp.659-684.
• Krishnan, J., Wen, Y. and Zhao, W., 2011. Legal expertise on corporate audit committees and
financial reporting quality. The Accounting Review, 86(6), pp.2099-2130.
• Mande, V. and Son, M., 2012. Do financial restatements lead to auditor changes?. Auditing: A
Journal of Practice & Theory, 32(2), pp.119-145.
• Mock, T.J., Bédard, J., Coram, P.J., Davis, S.M., Espahbodi, R. and Warne, R.C., 2012. The audit
reporting model: Current research synthesis and implications. Auditing: A Journal of Practice
& Theory, 32(sp1), pp.323-351.
• Tanyi, P., Raghunandan, K. and Barua, A., 2010. Audit report lags after voluntary and
involuntary auditor changes. Accounting Horizons, 24(4), pp.671-688.