David Hay is Professor of Auditing at the University of Auckland, New Zealand. He was previously Head of the Department of Accounting and Finance at the University of Auckland. He has been an external reviewer of accounting degree programmes at more than ten universities and similar institutions in New Zealand, Australia, Malaysia, and Hong Kong. David and his co-authors won the 2017 "Notable Contribution to the Auditing Literature Award" presented by the Auditing Section of the American Accounting Association.

• Acknowledgements. 1: Overview: The future of auditing. 2: The value of auditing. 3: The future of auditing. 4: Opportunities for auditing research.

"Professor Hay has done an extremely good job laying out the economic foundation and value of the audit in a variety of settings. This message is sometimes lost in a complex economic environment where regulation can overshadow other forces. Clearly, auditing has much more to offer to market participants than simply a compliance exercise." — W. Robert Knechel, Director of the International Accounting and Auditing Center, University of Florida, USA

David Hay is Professor of Auditing at the University of Auckland, New Zealand. He was previously Head of the Department of Accounting and Finance at the University of Auckland. He has been an external reviewer of accounting degree programmes at more than ten universities and similar institutions in New Zealand, Australia, Malaysia, and Hong Kong. David and his co-authors won the 2017 "Notable Contribution to the Auditing Literature Award" presented by the Auditing Section of the American Accounting Association.

• Acknowledgements. 1: Overview: The future of auditing. 2: The value of auditing. 3: The future of auditing. 4: Opportunities for auditing research.

"Professor Hay has done an extremely good job laying out the economic foundation and value of the audit in a variety of settings. This message is sometimes lost in a complex economic environment where regulation can overshadow other forces. Clearly, auditing has much more to offer to market participants than simply a compliance exercise." — W. Robert Knechel, Director of the International Accounting and Auditing Center, University of Florida, USA

David Hay is Professor of Auditing at the University of Auckland, New Zealand. He was previously Head of the Department of Accounting and Finance at the University of Auckland. He has been an external reviewer of accounting degree programmes at more than ten universities and similar institutions in New Zealand, Australia, Malaysia, and Hong Kong. David and his co-authors won the 2017 "Notable Contribution to the Auditing Literature Award" presented by the Auditing Section of the American Accounting Association.

• Acknowledgements. 1: Overview: The future of auditing. 2: The value of auditing. 3: The future of auditing. 4: Opportunities for auditing research.

"Professor Hay has done an extremely good job laying out the economic foundation and value of the audit in a variety of settings. This message is sometimes lost in a complex economic environment where regulation can overshadow other forces. Clearly, auditing has much more to offer to market participants than simply a compliance exercise." — W. Robert Knechel, Director of the International Accounting and Auditing Center, University of Florida, USA