Audit market and climate risk.

Audit and tax liability

Audit

Auditing during Pandemic: C19 and its effect on Auditing Profession. I believe this will be a good one to look into.

If you want your thesis to have ongoing relevance, I would avoid topics of passing interest, such as recent regulations or the pandemic. By the time your thesis comes out, it may already be out of date. Therefore, audit topics of enduring relevance would likely include data analytics, risk minimization, supply chain and fraud. Here are a few free articles on each of those topics to kick-start your literature review.

Data analytics:

Article Beneath the data: Using self-service business intelligence d...

Technical Report Double trouble: Using Excel 2010 to data mine and recover du...

Article Benford's Law to the rescue: extending the logarithmic analy...

Article Crunching the logarithms on Benfords Law to unmask unusual t...

Risk:

Technical Report Increasing Internal Audit's Influence With Monte Carlo Analysis

Article Prioritizing risks for the future using Monte Carlo simulati...

Article Monte Carlo or bust: a risk model using Monte Carlo simulati...

Supply chain:

Article Buyer beware: Mitigating supply chain risk

Technical Report Risks in supply chain

Article Improving the bottom line: Achieving material cost recoverie...

Fraud:

Article Retailer vulnerability to lottery fraud

Article Retail point of sale fraud prevention and detection using in...

Article Payroll internal audit: On the hunt for payroll fraud

Article Sniffing out errors: increasing internal audit effectiveness...

Best of luck with it.

Audit trends in Large Scale Enterprises (Location of your choice)

Audits are done on electronic medium. Auditors can download all population and check the the whole population if they want to. Invoices and materials can be stored on electric medium. This is a great advancement in accounting. Walk through tests, substantial test all can be done in electronic medium. Having said that, as auditors we have another challenge. It is the authorization process. Now authorizations should be done electronically. Auditors make sure that the electronic authorizations are valid. Here we need the IT specialists to make sure the authorization belong to the authorized people. Passwords are issued centrally and data entry and approvals are done by the correct people, segregation of duties are observed. Here we can utilize data analytics. In short, auditors must now be trained on data analytics and IT securities. That`s the challenge for us auditors.

Absolutely 🤞🏽

Development of Fraud Pentagon

Effective Carbon Rate

The future Audit implications of Modern Slavery Regulations. In many countries (like Australia) the current regulations require large companies to review and report on their risk of having modern slavery in their supply chain. Checking for and reporting money laundering also started out as fairly innocuous rules but over a decade or so companies started to be shut down and people started to go to prison. Having a cost-effective process to audit for the presence of Modern Slavery in a supply chain is soon going to become vital for large companies.

Good Luck

I think they are two (2) different subjects that interfaced in your topic of Modern Slavery Regulations like in Australia , the first might refer to migrant laborers exploited in the supply chain, and perhaps capitalist with shady equity funding the operations. This does'nt necessarily mean direct management of questionable capital but rather portfolios of holding companies bearing multiple sources of funds.

Auditing sustainability reports, assurance of integrated reports, etc.

I think you have chosen a red hot subject which is worthy of extensive research. The audit business is fraught with corruption and collusion. Always follow the money. The Big 4 are obvious offenders but the smaller firms are equally culpable but rarely featured. IMHO the subject is a complex interwoven web of big money deceit involving banks too.

Case studies to consider may be the recent Carillion fiasco involving KMPG "The former KPMG partner in charge of auditing Carillion’s accounts before its collapse has blamed his more junior colleagues for misleading regulators, as former team members turned on each other during a tribunal hearing allegations against the firm and six individual auditors.

KPMG, one of the “Big Four” accountants that dominate the sector worldwide, on Monday admitted misconduct and apologised. However, a tribunal run by the accounting regulator, the Financial Reporting Council (FRC), must also decide if any of the six individuals are guilty of misconduct. Five have denied all misconduct.

Carillion collapsed in January 2018, resulting in 3,000 job losses and causing chaos across hundreds of its projects – including building and maintaining primary schools, roads, and even Liverpool Football Club’s stadium, Anfield. The FRC alleges that KPMG misled its inspectors by forging documents in relation to the audit of Carillion and a software company, Regenersis."

Google the UK Guardian for the story.

I am always interested in the provision in International Standard on Auditing (you may compare to local regulations in your jurisdiction) that relates to the Auditors responsibility in connection with the detection of fraud, errors and mistatements and it's ramifications on contemporary audit expectations gap.

You can look at remote audit during the COVID-19 pandemic and its effects on ISAs like Auditors opinion, key audit matters and audit evidence gathering. Thanks

Hi,

The following articles provide you with some explanations and sources.

http://dx.doi.org/10.1108/MEDAR-02-2022-1587

http://dx.doi.org/10.1016/j.jclepro.2022.131154