Going forward, we encourage researchers to consider more explicitly the various forces that shape standards and
standard setting.
We also encourage more research on the consequences of standard setting by examining how auditing
standards might change the auditor’s incentives and/or competency, and ultimately audit quality.
For example,the recently
adopted Auditing Standards No. 16, which emphasizes the continuous nature of audit quality, potentially strengthens
auditors’ incentives to improve accounting quality