The Economic Role of the Audit in Free and Regulated Markets

Wallace, Wanda

Item

The Economic Role of the Audit in Free and Regulated Markets

Wallace, Wanda

Abstract

This teaching tool relies heavily on the references listed at the end of each section. The text could be liberally footnoted, but such referencing would inhibit readability. Instead, key points in the text are numerically coded to one of the listed references that discusses the issue and will, in turn, direct students to additional sources of information. Those students desiring additional details, formal proofs, and graphical demonstration of the concepts presented are invited to investigate the references provided; such formalization of the concepts is beyond the scope of this teaching instrument. The purpose of these readings, in part, is to encourage the interested student to become aware of the rich academic literature underlying the study of auditing. See also: Wallace, Wanda, "Instructor's Manual: The Economic Role of the Audit in Free and Regulated Markets" (1980). Open Education Resources (OER). 1. https://scholarworks.wm.edu/oer/1