ABSTRACT

This conclusion presents some closing comments to the concepts discussed in the preceding chapters of this book. The book presents a theory of auditing. The nature of a theory of auditing as understood in this book is explained. A theory of a practice sets out what is wanted from the practice. The idea of an objective of a practice is also examined. This kind of theory was said to constitute a conceptual framework for auditing. It starts with the identification of the objectives of auditing. It is important to think about, and seek agreement on, what is wanted from a practice. The theory presented in this book is meant to make a contribution to the activity of setting standards or rules for a practice and to anyone interested in thinking about what is wanted from the practice and in exploring the concepts that are used in reasoning to such practices.