Corporates’ monitoring costs of fair value disclosures in pre- versus post-IFRS7 era: Jordanian financial business evidence

Alharasis, Esraa Esam; Alidarous, Manal; Alkhwaldi, Abeer F.; Haddad, Hossam; Al-Ramahi, Nidal Mahmoud; Al-Shattarat, Husni K.

doi:10.1080/23311975.2023.2234141

Cited by 13 publications

(2 citation statements)

References 68 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results of Model 1 disclose the control factor coefficients used in the current study. The scale and signals are consistent with prior studies (Alharasis et al ., 2023a, d). Model 2 confirms that Covid-19 has a statistically significant negative effect on the relationship among the ownership of family members and “auditing quality” (Coeff = −0.173, t = −2.12).…”

Section: Resultsmentioning

confidence: 99%

The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan

Alharasis,

Mustafa

2023

JFBM

View full text Add to dashboard Cite

PurposeThe purpose of this paper is to provide new scientific knowledge concerning the impact of the Covid-19 pandemic on auditing quality as determined by audit fees for both family- and non-family-owned firms in Jordan.Design/methodology/approachThe authors use an ordinary least squares (OLS) regression firm-clustered standard error employing data from 200 Jordanian enterprises between 2005 and 2020 to validate this study's hypotheses.FindingsThe regression findings suggest that enterprises run by families are better able to handle crises and spend less on audits. Companies that are not family-owned have to spend the most on monitoring tasks since they need to take extra steps to prevent the agency problem and make their financial statements stand out from their peers in order to attract more investors. Additional analysis that stretched out throughout 2005–2022 came to the same findings.Practical implicationsThe findings can be beneficial for authorities to better regulate and supervise the auditing sector. Political leaders, legislators, regulators and the auditing industry can all learn important lessons from the findings as they assess the growing concerns in a turbulent economic situation. The results of this research can, therefore, be utilised to reassure investors and assist policymakers in crafting workable responses to Covid-19's creation of financial problems. After the devastation caused by the coronavirus, these findings may be used to strengthen the laws that oversee Jordan's auditing sector.Originality/valueIn emerging nations like Jordan, where there is a clear concentration of ownership and a predominance of high levels of family ownership, and to the best of the authors' knowledge, this is the first empirical study to compare the auditing quality of family-owned versus non-family-owned enterprises. Preliminary insights into the crisis management tactics of family and non-family organisations are provided by this first empirical investigation of the consequences of the Covid-19 crisis on family-owned firms.

show abstract

Section: Resultsmentioning

confidence: 99%

The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan

Alharasis,

Mustafa

2023

JFBM

View full text Add to dashboard Cite

show abstract

“…This was also clarified based on the fact that if the accountants and auditors enhanced their usage of Blockchain-based systems, it might enhance their overall performance with respect to “knowledge acquisition” (for example, proposing innovative and novel notions as they use new technology, acquiring new knowledge and skills (Abed et al. , 2022; Alharasis et al. , 2023, 2024), they are also encouraged to learn).…”

Section: Discussionmentioning

confidence: 99%

Antecedents and outcomes of innovative blockchain usage in accounting and auditing profession: an extended UTAUT model

Alkhwaldi,

Alidarous,

Alharasis

2024

JOCM

Self Cite

View full text Add to dashboard Cite

PurposeThis article aims to extend the Unified Theory of Acceptance and Use of Technology (UTAUT) model to understand the factors affecting the usage behavior of Blockchain from accountants' and auditors’ perspectives and its impact on their performance.Design/methodology/approachA quantitative research approach employing a web-based questionnaire was applied, and the empirical data were gathered from 329 potential and current users of Blockchain in the accounting and auditing profession in Jordan. The analytical model was based on structural equation modeling (SEM) using AMOS 25.0.FindingsThe experimental findings of the structural path confirmed that performance expectancy (PE), social influence (SI), Blockchain transparency (BT) and Blockchain efficiency (BE) were significantly affecting individuals’ behavioral intention (BI) toward the use of Blockchain-based systems and helped to explain (0.67) of its variance. Also, BE has a positive significant impact on PE. Whereas, in contrast to what is anticipated, the influence of effort expectancy (EE) on BI was not supported. Additionally, users’ intentions were found to affect the actual usage (AU) behavior and helped to explain (0.69) of its variance. The outcome variables proposed in this study: knowledge acquisition (KACQ) and user satisfaction (USAT) were significantly influenced by the AU of Blockchain technology.Practical implicationsThis study outlines practical implications for government, policymakers, business leaders and Blockchain service providers aiming to exploit the advantages of Blockchain technology (BCT) in the accounting and auditing context.Originality/valueTo the best of the authors’ knowledge, this article is one of the few studies that offer an evidence-based perspective to the discussions on the effect of disruptive and automated information and communication technologies (ICTs), on the accounting and auditing profession. It applies an innovative approach to analysis through the integration of UTAUT, contextual factors: BT and BE, besides two outcome factors: KACQ and USAT within its theoretical model. This study extends and complements the academic literature on information technology/information systems acceptance and use by providing novel insights into accountants' and auditors’ views.

show abstract

The Implementation of Advanced AIS and the Accounting Data Quality: The Case of Jordanian SMEs

Alharasis,

Alkhwaldi

2024

Lecture Notes in Computer Science

View full text Add to dashboard Cite

Corporates’ monitoring costs of fair value disclosures in pre- versus post-IFRS7 era: Jordanian financial business evidence

Cited by 13 publications

References 68 publications

The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan

The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan

Antecedents and outcomes of innovative blockchain usage in accounting and auditing profession: an extended UTAUT model

The Implementation of Advanced AIS and the Accounting Data Quality: The Case of Jordanian SMEs

Contact Info

Product

Resources

About