Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities
This study aims to identify the impact of COVID-19 on audit quality based on the investigation of three auditing aspects, namely: audit fees, audit procedures, and auditors' salaries in Saudi Arabia and Yemen. For data collection, fifty-five (55) questionnaires were distributed to internal audi...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Ital Publication
2022-02-01
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| Series: | Emerging Science Journal |
| Subjects: | |
| Online Access: | https://www.ijournalse.org/index.php/ESJ/article/view/827 |
| _version_ | 1811262295592927232 |
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| author | Saddam A. Hazaea Mosab I. Tabash Abdul Aziz Abdul Rahman Saleh F. A. Khatib Jinyu Zhu H Gin Chong |
| author_facet | Saddam A. Hazaea Mosab I. Tabash Abdul Aziz Abdul Rahman Saleh F. A. Khatib Jinyu Zhu H Gin Chong |
| author_sort | Saddam A. Hazaea |
| collection | DOAJ |
| description | This study aims to identify the impact of COVID-19 on audit quality based on the investigation of three auditing aspects, namely: audit fees, audit procedures, and auditors' salaries in Saudi Arabia and Yemen. For data collection, fifty-five (55) questionnaires were distributed to internal auditors, external auditors, managers of audit offices, and financial managers. Eleven managers of audit offices and auditors were interviewed. A descriptive, regression analysis, and T-test were used. The study results reveal that the audit quality has been significantly affected due to the devastating effect of COVID-19 on audit fees, audit procedures, and audit staff salaries. In addition, the results show that Yemen is severely affected due to several factors, which include a lack of modern auditing systems. Also, private ownership of establishments and the absence of laws for determining audit fees negatively impacted the audit quality. Being the first of a practical kind, this study provides a significant contribution to the existing literature on the impact of COVID-19 on the quality of auditing. This would be useful for corporations, audit offices, auditors, and researchers. Moreover, this study can bridge the identified research gap on this topic and provide empirical evidence about the impact of COVID-19 on audit quality.
Doi: 10.28991/esj-2022-SPER-06
Full Text: PDF |
| first_indexed | 2024-04-12T19:22:45Z |
| format | Article |
| id | doaj.art-5a44fea731ec4f6998f00bdd05e43618 |
| institution | Directory Open Access Journal |
| issn | 2610-9182 |
| language | English |
| last_indexed | 2024-04-12T19:22:45Z |
| publishDate | 2022-02-01 |
| publisher | Ital Publication |
| record_format | Article |
| series | Emerging Science Journal |
| spelling | doaj.art-5a44fea731ec4f6998f00bdd05e436182022-12-22T03:19:33ZengItal PublicationEmerging Science Journal2610-91822022-02-0160718610.28991/esj-2022-SPER-06289Impact of the COVID-19 Pandemic on Audit Quality: Lessons and OpportunitiesSaddam A. Hazaea0Mosab I. Tabash1Abdul Aziz Abdul Rahman2Saleh F. A. Khatib3Jinyu Zhu4H Gin Chong5School of Accounting, Yunnan University of Finance and Economics, Kunming 650221,Al Ain University, Al Ain,College of Business Administration, Kingdom University, Riffa,Department of Management, Azman Hashim International Business School, Universiti Teknologi Malaysia, Johor Baru 81310,School of Accounting, Yunnan University of Finance and Economics, Kunming 650221,Prairie View A&M University,This study aims to identify the impact of COVID-19 on audit quality based on the investigation of three auditing aspects, namely: audit fees, audit procedures, and auditors' salaries in Saudi Arabia and Yemen. For data collection, fifty-five (55) questionnaires were distributed to internal auditors, external auditors, managers of audit offices, and financial managers. Eleven managers of audit offices and auditors were interviewed. A descriptive, regression analysis, and T-test were used. The study results reveal that the audit quality has been significantly affected due to the devastating effect of COVID-19 on audit fees, audit procedures, and audit staff salaries. In addition, the results show that Yemen is severely affected due to several factors, which include a lack of modern auditing systems. Also, private ownership of establishments and the absence of laws for determining audit fees negatively impacted the audit quality. Being the first of a practical kind, this study provides a significant contribution to the existing literature on the impact of COVID-19 on the quality of auditing. This would be useful for corporations, audit offices, auditors, and researchers. Moreover, this study can bridge the identified research gap on this topic and provide empirical evidence about the impact of COVID-19 on audit quality. Doi: 10.28991/esj-2022-SPER-06 Full Text: PDFhttps://www.ijournalse.org/index.php/ESJ/article/view/827audit qualitycovid-19audit feesaudit procedurecrisis. |
| spellingShingle | Saddam A. Hazaea Mosab I. Tabash Abdul Aziz Abdul Rahman Saleh F. A. Khatib Jinyu Zhu H Gin Chong Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities Emerging Science Journal audit quality covid-19 audit fees audit procedure crisis. |
| title | Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities |
| title_full | Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities |
| title_fullStr | Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities |
| title_full_unstemmed | Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities |
| title_short | Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities |
| title_sort | impact of the covid 19 pandemic on audit quality lessons and opportunities |
| topic | audit quality covid-19 audit fees audit procedure crisis. |
| url | https://www.ijournalse.org/index.php/ESJ/article/view/827 |
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