A theoretical approach to auditing
Auditing is generally thought of as practical discipline dealing with control mechanisms
and instruments within organizations of different types. The audit profession, its associated
bodies and public firms, have played an important role in developing the various
standards, rules and practices in this field. However, to discuss the usefulness of audit
practices, it may be interesting to look at auditing issues from a different angle because
most of the techniques and instruments have evolved with the behaviour of the various
parties involved in making economic decisions. Failure to devote sufficient attention to
the theoretical foundations of auditing can not only limit its perspectives, but may also
prevent appropriate development of the field in relation to its changing environment.