Offshoring of Audit Work in Australia: Survey Evidence

32 Pages Posted: 28 Feb 2018

See all articles by Keith Duncan

Keith Duncan

Bond University - Accounting

Tim Hasso

Bond University - Bond Business School

Kim Kercher

Bond University - Bond Business School

Date Written: February 28, 2018

Abstract

We survey 368 external audit practitioners in Australia to understand the extent and nature of offshoring external audit work. We find that offshoring is the norm amongst the Big Four firms, and that some mid-tier and small firms have also begun to offshore external audit work. Furthermore, these firms expect to double the number of audit hours performed offshore within the next two years. We find that satisfaction levels with offshored work vary considerably between firms, and this can be explained by the size of the audit firms as well as the country where the work is performed.

Keywords: offshoring, outsourcing, audit

Suggested Citation

Duncan, Keith R. and Hasso, Tim and Kercher, Kim, Offshoring of Audit Work in Australia: Survey Evidence (February 28, 2018). Available at SSRN: https://ssrn.com/abstract=3131524 or http://dx.doi.org/10.2139/ssrn.3131524

Keith R. Duncan

Bond University - Accounting ( email )

Gold Coast, QLD 4229
Australia
07 55952238 (Phone)

Tim Hasso (Contact Author)

Bond University - Bond Business School ( email )

Gold Coast
Australia

Kim Kercher

Bond University - Bond Business School ( email )

Gold Coast
Australia

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