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Assurance Services — Visions for the Future

Assurance Services — Visions for the Future J.P. Percy* Aberdeen University, Aberdeen, UK Key words: assurance; audit litigation; expectations; financial statements; future of auditing; international auditing standards INTRODUCTION The purpose of this paper is to provoke debate and research amongst academics to examine the needs of the market, particularly with regard to the likely demands by society for assurance on the credibility of information used for decisionmaking. It was first delivered by the author to the Research Conference of The Institute of Chartered Accountants of Scotland in Edinburgh on 10 December 1998. I am grateful to the work of the International Auditing Practices Committee (IAPC) for the examination of the future framework for reporting on the credibility of information, in the knowledge of the development of new assurance services being provided by the accountancy profession worldwide. I also acknowledge the excellent work of Bob Elliot, a partner in KPMG in the USA, who chaired the Task Force of the American Institute of Certified Public Accountants (AICPA) into Assurance Services for the Future. We live in a transparent world with fast developing technology and the demand by stakeholders in our society for quality information to assist them in making decisions. Before relying on information, most stakeholders http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Auditing Wiley

Assurance Services — Visions for the Future

Percy, J.P.
International Journal of Auditing , Volume 3 (2) – Jul 1, 1999
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Publisher
Wiley
Copyright
Copyright © 1999 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1090-6738
eISSN
1099-1123
DOI
10.1111/1099-1123.00050
Publisher site
See Article on Publisher Site

Abstract

J.P. Percy* Aberdeen University, Aberdeen, UK Key words: assurance; audit litigation; expectations; financial statements; future of auditing; international auditing standards INTRODUCTION The purpose of this paper is to provoke debate and research amongst academics to examine the needs of the market, particularly with regard to the likely demands by society for assurance on the credibility of information used for decisionmaking. It was first delivered by the author to the Research Conference of The Institute of Chartered Accountants of Scotland in Edinburgh on 10 December 1998. I am grateful to the work of the International Auditing Practices Committee (IAPC) for the examination of the future framework for reporting on the credibility of information, in the knowledge of the development of new assurance services being provided by the accountancy profession worldwide. I also acknowledge the excellent work of Bob Elliot, a partner in KPMG in the USA, who chaired the Task Force of the American Institute of Certified Public Accountants (AICPA) into Assurance Services for the Future. We live in a transparent world with fast developing technology and the demand by stakeholders in our society for quality information to assist them in making decisions. Before relying on information, most stakeholders

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International Journal of Auditing – Wiley

Published: Jul 1, 1999

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