722
Views
1
CrossRef citations to date
0
Altmetric
Symposium on Auditing and Regulation

Auditors as Regulatory Actors: The Role of Auditors in Banking Regulation in Switzerland

&
Pages 1-28 | Received 01 Jul 2008, Accepted 01 Jan 2010, Published online: 13 Oct 2010

References

  • Ayres , I. and Braithwaite , J. 1992 . Responsive Regulation: Transcending the Deregulation Debate , New York : Oxford University Press .
  • Baldwin , R. and Cave , M. 1999 . Understanding Regulation: Theory, Strategy, and Practice , Oxford : Oxford University Press .
  • Baldwin , R. and Black , J. 2008 . Really responsive regulation . Modern Law Review , 71 ( 1 ) : 59 – 94 .
  • Bank of England . 1985 . Annual Report and Accounts , London : Bank of England .
  • Barings Report . 1995 . Report of the Board of Banking Supervision Inquiry into the Circumstances of the Collapse of Barings , London : HMSO .
  • Basel Committee on Banking Supervision (BCBS) . 1997, updated 2006 . Core Principles for Effective Banking Supervision , Basel : Bank for International Settlements .
  • BCBS . 2007 . History of the Basel Committee and its membership (January2007) , Basel : BCBS .
  • BCBS . 2008 . External Audit Quality and Banking Supervision , Basel : Bank for International Settlements .
  • Bingham Report . 1992 . Inquiry into the Supervision of the Bank of Credit and Commerce International (Chairman: The Right Honourable Lord Justice Bingham) (HC 192) (London: HMSO)
  • Black , J. 2001 . Decentring regulation: understanding the role of regulation and self-regulation in a ‘post-regulatory world’ . Current Legal Problems , 54 : 103 – 146 .
  • Black , J. 2002a . Critical Reflections on Regulation (Discussion Paper) , London : CARR, LSE .
  • Black , J. 2002b . Mapping the contours of contemporary financial services regulation . Journal of Corporate Law Studies , 2 ( 2 ) : 253 – 287 .
  • Black , J. 2003a . Enrolling actors in regulatory systems: examples from UK financial services regulation . Public Law , Spring, pp. 63–91
  • Black , J. 2003b . Mapping the Contours of Contemporary Financial Services Regulation (Discussion Paper No: 17) , London : CARR, LSE .
  • Chandler , R. and Edwards , J. 1996 . Recurring issues in auditing: back to the future . Accounting, Auditing & Accountability Journal , 9 ( 2 ) : 4 – 29 .
  • Cooper , J. 1984 . The Management and Regulation of Banks , New York : St Martin's Press .
  • Crockett , A. 2004 . “ Progress towards greater financial stability ” . In The IMF and its Critics: Reform of Global Financial Architecture , Edited by: Vines , D. and Gilbert , C. 36 – 58 . Cambridge : Cambridge University Press .
  • Davies , H. and Green , D. 2008 . Global Financial Regulation: The Essential Guide , Cambridge : Polity .
  • Dewing , I. and Russell , P. 2005 . The Role of Auditors, Reporting Accountants and Skilled Persons in UK Financial Services Supervision , Edinburgh : ICAS .
  • European Commission . 2009 . European Financial Supervision (Commission Communication of 27 May 2009, COM(2009) 252) (Brussels: European Commission)
  • Faith , N. 1982 . Safety in Numbers: The Mysterious World of Swiss Banking , London : Hamish Hamilton .
  • Ferran , E. and Goodhart , C. 2001 . “ Regulating financial services and markets in the twenty first century: an overview ” . In Regulating Financial Services and Markets in the 21st Century: An Overview , Edited by: Ferran , E. and Goodhart , C. 1 – 16 . Cambridge : Cambridge University Press .
  • Financial Reporting Council (FRC) . 2008 . “ Address to pan accountancy profession lunch (Speech by Paul Boyle, FRC chief executive, 23 October 2008, Mansion House) ” . London : FRC .
  • Financial Services Authority (FSA) . 2009a . The Turner Review: A Regulatory Response to the Global Banking Crisis , London : FSA .
  • FSA . 2009b . The Challenges Facing Bank Regulation (Speech by Hector Sants, Chief Executive, FSA at Association of Corporate Treasurers, 14 May 2009) , London : FSA .
  • Financial Stability Forum . 2009a . Financial Stability Forum Re-established as the Financial Stability Board (Press Release, Ref no: 14/2009, 2 April) , Basel : Financial Stability Forum .
  • Financial Stability Forum . 2009b . Report of the Financial Stability Forum on Addressing Procyclicality in the Financial System , Basel : Financial Stability Forum .
  • Fischer , S. 1999 . Reforming the international financial system . Economic Journal , 109 ( November ) : F557 – F576 .
  • Fraser , I. and Pong , C. 2009 . The future of the external audit function . Managerial Auditing Journal , 24 ( 2 ) : 104 – 113 .
  • Grabosky , P. 1994 . Organisational Leverage and the Technologies of Regulatory Compliance (Working Paper 24, Administration, Compliance and Governability Program) , Canberra : Australian National University .
  • Gugler , P. 2005 . The integrated supervision of financial markets: the case of Switzerland . The Geneva Papers , 30 : 128 – 143 .
  • Gunningham , N. and Grabosky , P. 1998 . Smart Regulation: Designing Environmental Policy , Oxford : Oxford University Press .
  • House of Commons, Treasury Committee . 2009 . Banking Crisis: Reforming Corporate Governance and Pay in the City (Ninth Report of Session 2008–09, HC 519) , London : The Stationery Office .
  • House of Lords, Select Committee of Economic Affairs . 2009 . Banking Supervision and Regulation: Volume I Report (2nd Report of Session 2008-09, HL Paper 101-I) , London : The Stationery Office .
  • HM Treasury . 2009 . Reforming Financial Markets (Cm 7667) , London : The Stationery Office .
  • Humphrey , C. 1997 . “ Debating audit expectations ” . In Current Issues in Auditing , third , Edited by: Sherer , M. and Turley , S. 3 – 30 . London : Paul Chapman .
  • Humphrey , C. , Moizer , P. and Turley , S. 1992 . The audit expectations gap – plus ca change, plus c'est la meme chose? . Critical Perspectives on Accounting , 3 : 137 – 161 .
  • Humphrey , C. , Moizer , P. and Turley , S. 2007 . Independence and competence? A critical questioning of auditing . Advances in Public Interest Accounting , 12 : 149 – 167 .
  • Humphrey , C. , Loft , A. and Woods , M. 2009 . The global audit profession and the international financial architecture: understanding regulatory relationships at a time of financial crisis . Accounting, Organizations and Society , 34 : 810 – 825 .
  • Hüpkes , E. 2006 . The external auditor and the bank supervisor: ‘Sherlock Holmes and Doctor Watson?’ . Journal of Banking Regulation , 7 ( 1/2 ) : 1 – 14 .
  • Hutter , B. 2006 . The Role of Non-State Actors in Regulation (Discussion Paper No: 37) , London : CARR, LSE .
  • International Auditing and Assurance Standards Board (IAASB) . 2002 . The Relationship between Banking Supervisors and Banks' External Auditors (International Statement on Auditing) , New York/Basel : IAASB/BCBS .
  • International Auditing Practices Committee (IAPC) . 1989 . The Relationship between Banking Supervisors and Banks' External Auditors (International Statement on Auditing) , Basel/New York : IAPC/BCBS .
  • International Monetary Fund (IMF) . 2002 . Switzerland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, and Monetary and Financial Policy Transparency (IMF Country Report No. 02/108) , Washington : IMF .
  • IMF . 2007a . Switzerland: Financial System Stability Assessment Update (IMF Country Report No. 07/187) , Washington : IMF .
  • IMF . 2007b . Switzerland: Financial Sector Assessment Program – Factual Update – Basel Core Principles for Banking Supervision (IMF Country Report No. 07/198) , Washington : IMF .
  • International Monetary Fund (IMF) . 2009 . Global Financial Stability Report: Responding to the Financial Crisis and Measuring Systematic Risks (April) , Washington : IMF .
  • Katzenstein , P. 1984 . Corporatism and Change: Austria, Switzerland, and the Politics of Industry , Ithaca : Cornell University Press .
  • Katzenstein , P. 1985a . Small States in World Markets: Industrial Policy in Europe , Ithaca : Cornell University Press .
  • Katzenstein , P. 1985b . “ Small nations in an open international economy: the converging balance of state and society in Switzerland and Austria ” . In Bringing the State Back In , Edited by: Evans , P. , Rueschemeyer , D. and Skocpol , T. 227 – 251 . Cambridge : Cambridge University Press .
  • Kerwer , D. 2005 . Rules that many use: standards and global regulation . Governance: An International Journal of Policy Administration and Institutions , 18 ( 4 ) : 611 – 632 .
  • Lee , T. 2002 . The shame of auditing . International Journal of Auditing , 6 ( 3 ) : 211 – 214 .
  • Morgan , B. and Yeung , K. 2007 . An Introduction to Law and Regulation , Cambridge : Cambridge University Press .
  • Moore , D. , Tetlock , P. , Tanlu , L. and Bazerman , M. 2006 . Conflicts of interest and the case of auditor independence: moral seduction and strategic issue cycling . Academy of Management Review , 31 ( 1 ) : 10 – 29 .
  • Parker , C. 2002 . The Open Corporation: Effective Self-regulation and Democracy , Cambridge : Cambridge University Press .
  • Porter , B. 1993 . An empirical study of the audit expectation-performance gap . Accounting and Business Research , 24 ( 93 ) : 49 – 68 .
  • Power , M. 1997 . The Audit Society , Oxford : Oxford University Press .
  • Power , M. 2003 . Auditing and the production of legitimacy . Accounting, Organizations and Society , 28 ( 4 ) : 379 – 394 .
  • Sikka , P. , Puxty , A. , Willmott , H. and Cooper , C. 1998 . The impossibility of eliminating the expectations gap: some theory and evidence . Critical Perspectives on Accounting , 9 : 299 – 330 .
  • Sikka , P. 2009 . Financial crisis and the silence of the auditors . Accounting, Organizations and Society , doi: 101016/j.aos2009.01.004
  • Sikka , P. , Filling , P. and Liew , P. 2009 . The audit crunch: reforming auditing . Managerial Auditing Journal , 24 ( 2 ) : 135 – 155 .
  • Swiss Federal Audit Oversight Authority . 2008 . Activity Report 2006-2007 , Bern : Swiss Federal Audit Oversight Authority .
  • Swiss Federal Audit Oversight Authority . 2009 . Activity Report 2008 , Bern : Swiss Federal Audit Oversight Authority .
  • Swiss Federal Banking Commission (SFBC) . 2002a . Annual Report Key Themes 2001 , Bern : SFBC .
  • SFBC . 2002b . “ FSAP [Financial Sector Assessment Programme] on Swiss financial market supervision: Very good marks but no grounds for complacency (Press release, 3 June) ” . Bern : SFBC .
  • SFBC . 2003 . Annual Report Key Themes 2002 , Bern : SFBC .
  • SFBC . 2004 . Annual Report Key Themes 2003 , Bern : SFBC .
  • SFBC . 2005a . Audit (Circular 05/01) , Bern : SFBC .
  • SFBC . 2005b . Audit Reports (Circular 05/02) , Bern : SFBC .
  • SFBC . 2005c . Audit Companies (Circular 05/03) , Bern : SFBC .
  • SFBC . 2006 . Annual Report Key Themes 2005 , Bern : SFBC .
  • Vines , D. and Gilbert , C. 2004 . The IMF and its Critics: Reform of Global Financial Architecture , Edited by: Vines , D. and Gilbert , C. Cambridge : Cambridge University Press .
  • Woods , M. , Humphrey , C. , Dowd , K. and Liu , Y-L. 2009 . Crunch time for bank audits? Questions of practice and the scope for dialogue . Managerial Auditing Journal , 24 ( 2 ) : 114 – 134 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.