'Auditor Professional Judgement': Implications for Regulation and the Law
从审计师专业判断在信息传递中的关键作用出发，质疑了确保审计独立性的强硬措施、第三方不享有注意义务的判决以及禁止创造性会计的做法，认为这些可能反而不利于投资者和债权人。
Auditors Paul Grout, Ian Jewitt, Chris Pong and Geoff Whittington The audit industry is in a state of turmoil and there are conflicting views on what should be done. Auditors have been criticised for their role in several well publicised corporate collapses and face huge lawsuits as a result. The problems are exacerbated by pressures for harmonisation which arise partly because of political developments, and partly because of the increasing sophistication and internationalisation of financial markets. We summarise the current situation and then discuss the policy issues from the viewpoint that auditor professional judgement plays a major role in the transmission of information. This viewpoint leads us to some provocative conclusions: taking too firm measures to ensure auditor independence may be against the interests of investors and creditors. The controversial UK Caparo decision that third party investors and creditors are not owed a duty of care by auditors might enhance information transmission. Steps to rule out creative accounting might be counterproductive: for example, in the context of bank regulation, the much criticised historic cost basis for evaluating assets may be better than marking to market.