DRAWINNG INFERENCES REGARDING AUDIT QUALITY IN A CODE-LAW COUNTRY: AN EMPIRICAL INVESTIGATION
This paper explores empirically several inferences regarding audit quality as follows: auditor competence and independence, auditor rotation, regulatory regimes, audit failures, firm characteristics, audit and non-audit fees, earnings management. Using as a research instrument the questionnaire,...
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2013-12-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | http://studiaeconomia.uvvg.ro/index.php?option=com_content&view=article&id=343:drawinng-inferences-regarding-audit-quality-in-a-code-law-country-an-empirical-investigation&catid=44:2013-part-4&Itemid=75 |
| Summary: | This paper explores empirically several inferences regarding audit quality as follows:
auditor competence and independence, auditor rotation, regulatory regimes, audit failures,
firm characteristics, audit and non-audit fees, earnings management. Using as a research
instrument the questionnaire, several Romanian auditors were surveyed. The results
documented were twofold. First, among the factors assessed four were documented as
having the potential to impact audit quality (i.e. audit and non-audit fees, competence and
independence of auditors, auditor rotation). Second, several factors were enumerated as
having the potential to enhance the audit quality in the view of Romanian auditors, as
follows: senior professionals and executive involvement, stricter regulatory regimes,
industry and firm expertise, auditor skeptical attitude. The size of the sample used is
considered to be an important limitation. Further potential research is also approached. |
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| ISSN: | 1584-2339 2285-3065 |