This book investigates the historical evolution of the audit function in Britain and its role in the global expansion of the accountancy profession from the nineteenth century to the modern era. Derek Matthews, an expert in economic history, utilizes archival research and industry analysis to argue that the auditing industry's defining characteristics stem from the diverse needs of its client base. The text examines how technological advancements and shifting regulatory environments have continuously reshaped auditing methodologies over the last two centuries.

Experts and historians recognize this work as a foundational text for understanding the structural development of the auditing industry. Readers frequently note the academic rigor and the clarity with which the author connects historical economic trends to contemporary professional practices.