利用独立监管机构执行的检查过程的结果评估审计质量

IF 3.1 3区 管理学 Q2 BUSINESS, FINANCE
Justin Logie, Warren Maroun
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引用次数: 4

摘要

本研究增加了审计质量文献,通过检查在非洲设置的独立监管机构产生的检查结果。该研究涉及在事务所和审计业务层面发现的弱点的性质,根据检查结果对审计质量的可能影响对其进行分类,并确定审计实践中导致检查结果的那些方面。采用探索性研究设计。检查结果进行审查和分类,结果以图形形式呈现。揭示了事务所和审计业务层面的几个审计质量缺陷。审计实践缺陷的数量与不良文件标准的发生率同步变化。此外,检查结果的频率和影响受到以下因素的影响:(1)用于测试余额和交易的过程的主观性;(2)适用的标准在多大程度上是基于原则而非程序的;(3)需要制定量身定制的测试程序来解决相关风险。在实践层面上,这些发现对于审计业务负责人、监管机构、审计委员会和有意更好地了解审计实务中可能导致审计质量降低和审计报告可靠性降低的方面的投资者具有重要意义。在经验层面上,该研究从一个新的设置提供审计质量检查结果的原始审查。探索性设计补充了大部分实证主义启发的审计质量研究,并检查了审计质量的实践重点视角,该视角远离了质量替代品的推理测试。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Evaluating Audit Quality Using the Results of Inspection Processes Performed by an Independent Regulator

This research adds to the audit quality literature by examining inspection findings generated by an independent regulator in an African setting. The study is concerned with the nature of weaknesses identified at both firm and engagement level, categorising inspection findings according to their possible impact on audit quality and identifying those aspects of audit practice which result in inspection findings. An exploratory research design is used. Inspection findings are reviewed and categorised with results presented graphically. Several audit quality weaknesses at the firm and engagement level are revealed. The number of audit practice deficiencies move in tandem with incidences of poor documentation standards. In addition, the frequency and impact of inspection findings are affected by: (1) the subjectivity of processes used to test balances and transactions; (2) the extent to which applicable standards are principles-based rather than procedural; and (3) the need to develop tailored test procedures to address relevant risks. At the practical level, the findings are important for engagement leaders, regulators, audit committees and investors interested in understanding better those aspects of audit practice which are likely to result in lower-quality audits and less reliable audit reports. At the empirical level, the study provides an original review of audit quality inspection findings from a novel setting. An exploratory design complements the largely positivist-inspired research on audit quality and examines a practice-focused perspective on audit quality which moves away from inferential testing of quality surrogates.

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来源期刊
Australian Accounting Review
Australian Accounting Review BUSINESS, FINANCE-
CiteScore
6.30
自引率
17.60%
发文量
31
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