Özet:

This paper explores the interaction between the practising and regulatory divisions of the auditing profession, focusing particularly on the effects that changes in the context of the latter can have on the former. It examines this interaction within the auditing context of Saudi Arabia, where remarkable changes in the nature of regulating auditing practices have taken place following the passage and implementation of the 1991 CPA Regulation. These changes have affected the supply side of the Saudi audit industry, in terms of new CPA licensing and disciplinary rules, the establishment of an accountancy regulatory body, and, consequently, the issuance of new auditing standards and ethical codes, the setting of professional fellowship examinations and continues training requirements, and the implementation of quality review programme for professional firms. For this purpose, the paper outlines the results of series of research conducted during the last few years within the auditing context of Saudi Arabia. It involves a specific concern, namely: showing how could the issuance and implementation of numerous auditing regulations be utilised to the favour of professionals. It will proceed in five sections including a final concluding section, as follows. Section two outlines the implemented theoretical ideas drown from the political economy theory. Third section provides a brief background to the context of the auditing profession in Saudi Arabia. Section four outlines the results of several research works conducted within the Saudi auditing contexts within the last few years, and finally, section five provides discussion and concluding comments.

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