Joint Audit and its Impact on The Quality of External Audit: Evidence from Iraq
DOI:
https://doi.org/10.33095/23y8eq34Abstract
Purpose: This research aims to identify the concept, importance, and objectives of Joint Audit (JA) and the impact of JA on Audit Quality (AQ).
Theoretical framework: This researcher relied on the basic concepts of agency theory and the problems emerging from it, as the JA came to reduce these problems in a way that contributes to achieving AQ.
Methodology: This researcher relied on the questionnaire form to collect information, using the statistical program SPSS to analyze the questionnaire forms. The study included the JA variable as an independent variable. In contrast, the dependent variable included AQ in terms of the dimension of the auditor's independence, the auditor's performance, and the quality of his report.
Results: This research reached a set of conclusions, the most important of which is that the JA impacts the auditor's performance and the quality of the audit reports that the auditors.
Research, Practical & Social implications: JA positively impacts the degree of reliability of financial statements.
Value/originality: This study adds knowledge and contributes to the limited literature on JA and AQ, especially in Iraq. The study underscores critical insights from the audit market in emerging countries.
Downloads
References
Abass, Z. K., Al-Abedi, T. K., & Flayyih, H. H. (2023). Integration Between Cobit And Coso For Internal Control And Its Reflection On Auditing Risk With Corporate Governance As The Mediating Variable. International Journal of Economics and Finance Studies, 15(2), 40–58. https://doi.org/10.34109/ijefs.202315203
AbuRaya, R. (2023). Audit consortium impact on audit quality assessment: evidence from Egypt. Journal of Financial Reporting and Accounting.
Arsyad, M., & Natsir, S. (2024, February). The Role of Forensic Accounting in Improving Audit Quality. In International Conference on Applied Science and Technology on Social Science 2023 (iCAST-SS 2023) (pp. 903-908). Atlantis Press.. https://doi.org/10.2991/978-2-38476-202-6_115
Bakri, A. A. (2024). Literature Review: How Competency, Auditor Professionalism, and Integrity Influence Internal Audit Quality. In Accounting Studies and Tax Journal (COUNT) (Vol. 1, Issue 1). https://journal.ppipbr.com/index.php/count/index
Elmashtawy, A., Che Haat, M. H., Ismail, S., & Almaqtari, F. A. (2023). Audit committee effectiveness and audit quality: the moderating effect of joint audit. Arab Gulf Journal of Scientific Research. https://doi.org/10.1108/AGJSR-09-2022-0202
Flayyih, H. H., Shamukh, S. A., Jabbar, H. A., & Abbood, H. Q. (2024). Artificial Intelligence and Trends Using in Sustainability Audit: A Bibliometric Analysis. In A. Alnoor, M. Camilleri, H. A. Al-Abrrow, M. Valeri, G. E. Bayram, & Y. R. Muhsen (Eds.), Explainable Artificial Intelligence in the Digital Sustainability Administration (pp. 297–310). Springer Nature Switzerland.
Francis, J. R. (2023). Going big, going small: A perspective on strategies for researching audit quality. British Accounting Review, 55(2). https://doi.org/10.1016/j.bar.2022.101167
Hichri, A. (2023). Integrated reporting, audit quality: presence of environmental auditing in an international context. European Business Review, 35(3), 397–425.
Hima, Z., Yusoff, W. S., & Saraih, U. N. binti. (2024). The Effect of Joint Audit on Audit Quality: The Perceptions of Accountant Exports and Banking Managers in Algeria. South Asian Journal of Social Sciences and Humanities, 5(1), 129–143. https://doi.org/10.48165/sajssh.2024.5108
Hubais, A. S. A., Kadir, M. R. A., Bilal, Z. O., & Alam, M. N. (2023). The Impact Of Auditor Integrity To Audit Quality: An Exploratory Study From The Middle East. International Journal of Professional Business Review, 8(1). https://doi.org/10.26668/businessreview/2023.v8i1.1254
Juliyanti Sidik Tjan, Muslim, M., Andriani Alimin, Muh Yamin Noch, & Yaya Sonjaya. (2024). Independence, Professional Skepticism, And Audit Quality: The Moderating Role Of Audit Fees. Jurnal Akuntansi, 28(1), 40–60. https://doi.org/10.24912/ja.v28i1.1698
Mahmoud Hussein Nashwan, I. (2023). Electronic Brainstorming for the Joint Audit Team and Its Impact on Enhancing the Efficiency of the Auditing. International Journal of Economics, Business and Management Research, 07(09), 68–86.
https://doi.org/10.51505/IJEBMR.2023.7906
Malekian, E., Barzegar, G., & Al Asadi, O. (2024). The moderating role of joint audit acceptance on the effect of audit quality on earnings Management banks admitted to the Iraqi stock exchange. AL-Qadisiyah Journal For Administrative and Economic Sciences, 26(1), 62–78.
Margaret, K. A., Novita, N., & Azka, A. F. (2023). Audit Tool And Linked Archive System (Atlas) In Improving Audit Quality. Applied Accounting and Management Review (AAMAR), 2(1), 1–14.
Mnif, Y., & Salamn, A. S. A. J. (2022). The role of joint auditing is to improve the quality of the electronic auditor's report in Iraqi banks.
Mohanty, L. (2023). Impact of Joint Audit on Audit Quality – An Indian Scenario. ICRRD Quality Index Research Journal, 4(3). https://doi.org/10.53272/icrrd.v4i3.8
Muterera, J., & Brettle, J. A. (2024). Exploring the Impact of Auditor Well-Being on Audit Quality. International Journal of Management, Accounting, and Economics, 11(3), 2383–2126. https://doi.org/10.5281/zenodo.10966827
Nurunnabi, M., Donker, H., & Jermakowicz, E. (2020). Joint audits and mutual ties of audit firm networks. In Business Horizons (Vol. 63, Issue 4, pp. 435–449). Elsevier Ltd. https://doi.org/10.1016/j.bushor.2020.03.013
Qader, K. S., & Cek, K. (2024). Influence of blockchain and artificial intelligence on audit quality: Evidence from Turkey. Heliyon, 10(9).
https://doi.org/10.1016/j.heliyon.2024.e30166
Thijeel, A. M., Flayyih, H. H., & Talab, H. R. (2018). The relationship between audit quality and accounting conservatism in the Iraqi banks | La relación entre la calidad de la auditoría y el conservadurismo contable en los bancos Iraquíes. Opcion, 34(Special Is), 1564–1592.
Van der Zahn, J. M. (2023). Abolition of mandated joint‐audit requirements: Impact on audit reporting lag in an emerging capital market. International Journal of Auditing, 27(1), 45–68.
Published
Issue
Section
License
Copyright (c) 2024 Journal of Economics and Administrative Sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles submitted to the journal should not have been published before in their current or substantially similar form or be under consideration for publication with another journal. Please see JEAS originality guidelines for details. Use this in conjunction with the points below about references, before submission i.e. always attribute clearly using either indented text or quote marks as well as making use of the preferred Harvard style of formatting. Authors submitting articles for publication warrant that the work is not an infringement of any existing copyright and will indemnify the publisher against any breach of such warranty. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of the publisher unless otherwise agreed.
The editor may make use of Turnitin software for checking the originality of submissions received.
How to Cite
