A Comparative Study of Auditing Functions between the US and the ROC
Author: Jiun Han Tsao
Abstract / Chinese PDF Download
This is a comparative analysis of auditing systems between the US and the ROC in Taiwan. The study is to seek what is difference in the development of auditing systems in terms of evaluative functions. In the earlier period of development, the US system emphasizes bookkeeping function, while the ROC stresses legal control. After more than seventy-year development, the US auditing principle has been oriented toward evaluative function which is based on economy, efficiency, and effectiveness. In general the spirit of accountability, integrity, and reliability will become the goal that the US auditing system seeks. On the other hand, the ROC auditing system has placed on more legal auditing practices, evaluative function has not been given necessary attention. This article will explain why two auditing systems have such a difference.