Perspectives of Audit Quality: An Analysis
Research aim: This paper reviews the research literature and publications relevant to audit quality. The authors identify three main perspectives (academic research, professional and regulatory) related to audit quality that could add to our understanding of the concepts and factors affecting audit...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaya
2018-08-01
|
| Series: | Asian Journal of Accounting Perspectives |
| Subjects: | |
| Online Access: | https://10.240.4.186/index.php/AJAP/article/view/13675 |
| _version_ | 1818884165091721216 |
|---|---|
| author | Noor Adwa Sulaiman Fatimah Mat Yasin Rusnah Muhamad |
| author_facet | Noor Adwa Sulaiman Fatimah Mat Yasin Rusnah Muhamad |
| author_sort | Noor Adwa Sulaiman |
| collection | DOAJ |
| description | Research aim: This paper reviews the research literature and publications relevant to audit quality. The authors identify three main perspectives (academic research, professional and regulatory) related to audit quality that could add to our understanding of the concepts and factors affecting audit quality in practice. For each reviewed perspective, the authors present and summarise the key findings.
Design/ Methodology/ Approach: This study reviews a total of 84 empirical studies and publications ranging from year 1980 to year 2016. Further, this paper links academic research to publications on the topic issued by professional practitioners and regulators.
Research findings: Based on the analysis, the review reveals three main findings. First, the review identifies multifaceted concepts of audit quality and the various academic research approaches that have been carried out to assess audit quality. Second, audit quality in practice is not only affected by various internal factors within the accounting firms but is also influenced by various contextual factors in which the accounting firms operate. Third, much of the prior research employs an archival approach that potentially provides limited information about the effect of the contextual setting in actual audit practices, which is important to enhance our understanding of audit quality.
Theoretical contribution/ Originality: It provides some guidance for future academic research related to audit quality.
Practitioner/ Policy implication: The research and reports reviewed in this paper will be useful to researchers, audit practitioners, policymakers and others who are concerned with the quality of audit services to understand the various conceptions of audit quality and the important factors affecting audit quality in practice.
Research limitation/ Implications: The analysis of the audit quality from the three main perspectives provided in this study paves the way for embarking on promising and relevant future research, which is needed to further substantiate and enrich the academic understanding on concepts and factors affecting audit quality. More research is needed to understand this issue better and to move towards a policy resolution.
Keywords: Audit Quality, Auditing, Literature Review, Research Opportunities
Type of manuscript: Literature review
JEL Classification: M41, M42, M48, L84 |
| first_indexed | 2024-12-19T15:45:12Z |
| format | Article |
| id | doaj.art-3f1ed608aee54a72913b26f084084c92 |
| institution | Directory Open Access Journal |
| issn | 2672-7293 0128-0384 |
| language | English |
| last_indexed | 2024-12-19T15:45:12Z |
| publishDate | 2018-08-01 |
| publisher | Universiti Malaya |
| record_format | Article |
| series | Asian Journal of Accounting Perspectives |
| spelling | doaj.art-3f1ed608aee54a72913b26f084084c922022-12-21T20:15:22ZengUniversiti MalayaAsian Journal of Accounting Perspectives2672-72930128-03842018-08-0111110.22452/AJAP.vol11no1.1Perspectives of Audit Quality: An AnalysisNoor Adwa Sulaiman0Fatimah Mat Yasin1Rusnah Muhamad2Senior Lecturer in the Faculty of Business and Accountancy, University of Malaya, 50603 Kuala Lumpur, Malaysia. Email: adwa@um.edu.myPhD is an Accounting Lecturer at the Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, 50728 Kuala Lumpur, Malaysia. Email: fatimahmy@iium.edu.myAssociate Professor in the Faculty of Business and Accountancy, University of Malaya, 50603 Kuala Lumpur, Malaysia. Email: rusnah@um.edu.myResearch aim: This paper reviews the research literature and publications relevant to audit quality. The authors identify three main perspectives (academic research, professional and regulatory) related to audit quality that could add to our understanding of the concepts and factors affecting audit quality in practice. For each reviewed perspective, the authors present and summarise the key findings. Design/ Methodology/ Approach: This study reviews a total of 84 empirical studies and publications ranging from year 1980 to year 2016. Further, this paper links academic research to publications on the topic issued by professional practitioners and regulators. Research findings: Based on the analysis, the review reveals three main findings. First, the review identifies multifaceted concepts of audit quality and the various academic research approaches that have been carried out to assess audit quality. Second, audit quality in practice is not only affected by various internal factors within the accounting firms but is also influenced by various contextual factors in which the accounting firms operate. Third, much of the prior research employs an archival approach that potentially provides limited information about the effect of the contextual setting in actual audit practices, which is important to enhance our understanding of audit quality. Theoretical contribution/ Originality: It provides some guidance for future academic research related to audit quality. Practitioner/ Policy implication: The research and reports reviewed in this paper will be useful to researchers, audit practitioners, policymakers and others who are concerned with the quality of audit services to understand the various conceptions of audit quality and the important factors affecting audit quality in practice. Research limitation/ Implications: The analysis of the audit quality from the three main perspectives provided in this study paves the way for embarking on promising and relevant future research, which is needed to further substantiate and enrich the academic understanding on concepts and factors affecting audit quality. More research is needed to understand this issue better and to move towards a policy resolution. Keywords: Audit Quality, Auditing, Literature Review, Research Opportunities Type of manuscript: Literature review JEL Classification: M41, M42, M48, L84https://10.240.4.186/index.php/AJAP/article/view/13675Audit QualityAuditingLiterature ReviewResearch Opportunities |
| spellingShingle | Noor Adwa Sulaiman Fatimah Mat Yasin Rusnah Muhamad Perspectives of Audit Quality: An Analysis Asian Journal of Accounting Perspectives Audit Quality Auditing Literature Review Research Opportunities |
| title | Perspectives of Audit Quality: An Analysis |
| title_full | Perspectives of Audit Quality: An Analysis |
| title_fullStr | Perspectives of Audit Quality: An Analysis |
| title_full_unstemmed | Perspectives of Audit Quality: An Analysis |
| title_short | Perspectives of Audit Quality: An Analysis |
| title_sort | perspectives of audit quality an analysis |
| topic | Audit Quality Auditing Literature Review Research Opportunities |
| url | https://10.240.4.186/index.php/AJAP/article/view/13675 |
| work_keys_str_mv | AT nooradwasulaiman perspectivesofauditqualityananalysis AT fatimahmatyasin perspectivesofauditqualityananalysis AT rusnahmuhamad perspectivesofauditqualityananalysis |