The force of law

Australian auditing standards and their impact on the auditing profession

Nonna Martinov-Bennie*

*Corresponding author for this work

Research output: Contribution to journalArticle

9 Citations (Scopus)


This study examines the impact of the introduction of the legally enforceable Australian Auditing Standards (ASAs) on the auditing profession after the first year of implementation. The study compliments and extends the Australian Government's April 2006 pre-implementation Regulation Impact Statement, which identified potential costs, benefits and other impacts of the new regulatory regime. Relevant data were collected through interviews with the key stakeholders. Overall, the results suggest that the additional burden of compliance with the legally enforceable ASAs has not increased perceived audit quality or public confidence, which were the main aims of the government's regulatory intervention.

Original languageEnglish
Pages (from-to)1-10
Number of pages10
JournalAustralian Accounting Review
Issue number1
Publication statusPublished - Mar 2009
Externally publishedYes

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