Joint Audits: Does the Allocation of Audit Work Affect Audit Quality and Audit Fees?

Haak, Marcel; Muraz, Michelle; Zieseniß, Roland

doi:10.1080/17449480.2018.1440611

Cited by 21 publications

(13 citation statements)

References 52 publications

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“…In addition to that, there is the possibility that the auditor may rely on another auditor to process the audit and as confirmed by Deng, et al (2012), and this study conforms with (Deng et. al, 2012), and Haak, et al (2018) regarding the non-observance of joint audit and relying more on the individual audit. The suggested recommendations:…”

Section: Resultsmentioning

confidence: 99%

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The Impact of Joint Audit on Fraud Detection in Financial Statements From the Point of View of Auditors

Khersiat¹

2020

RWE

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This study aimed to identify the application of joint audits to the detection of fraud in financial statements as well as the impact of joint audits on the detection of fraud in financial statements from the point of view of Jordanian auditors. The study focused on investigating the impact of joint audits of the procedures of understanding management and the board of directors, as well as examining the relationship with the relevant parties, the company and financial industry, financial results and operational characteristics in order to identify the impact of joint audits on detecting fraud in financial statements through these procedures. Results indicate that there is no statistically significant impact of joint audits on the detection of fraud in the financial statements at the level of (5%) for all fraud detecting procedures in the financial statements. The study recommends not adopting or applying joint audit.

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Section: Resultsmentioning

confidence: 99%

“…Many studies have focused on the relationship between audit quality and costs, namely Haak, et,al (2018) which focused on the quality of joint audits and costs. The study concluded that individual audit may lead to an increase in audit quality and a decrease in audit fees compared to joint audit operations.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Joint Audit on Fraud Detection in Financial Statements From the Point of View of Auditors

Khersiat¹

2020

RWE

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“…Similarity, Bianchi (2018) concluded that the cooperation of two joint auditors in practicing joint audit tasks could enhance knowledge transfer and increase the experience of joint auditors. Haak et al (2018) in France documented that unbalanced allocation of joint audit work reduces free riding problem, which enhances audit quality. Bisogno & De Luca (2016) indicated that the coordination, cooperation and frequent consultations between the two joint audit teams achieve a sufficient understanding of the core issues associated with audit risk and improve audit procedures.…”

Section: Scientific Journal For Financial and Commercial Studies And Researches (Sjfcsr) Faculty Of Commerce -Damietta Universitymentioning

confidence: 99%

The Impact of Joint Audit on Audit Planning Quality: A Field Study

سمرة¹,

الزهار²,

فايد³

2022

المجلة العلمیة للدراسات والبحوث المالیة والتجاریة

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In the Egyptian environment, joint audit is implemented voluntary and mandatory before the European Commission issues its report in 2010. It is implemented voluntary for first time in 1981 for the Egyptian Stock companies, insurance companies, and factoring companies. While, banks have been obligated to implement joint audit since 2003. In addition to mortgage finance companies, fund-raising companies, investor protection fund, investment funds, and depository companies and central registration must designate at least two independent auditors. The purpose of this paper is to investigate the impact of joint audit on audit planning quality in the Egyptian environment. By examining whether joint audit can affect on the initial audit planning, the comprehensive audit strategy, and the overall audit plan and program, as proxies for audit planning quality. To test our hypotheses, we use a sample of 400 professional auditors from different-sized auditing firms and academics from different Egyptian universities. The results of our multiple regression analyses show that joint audit has a significant positive impact on the initial audit planning. Moreover, we find that joint audit has a significant positive impact on the comprehensive audit strategy. We also find joint audit has a significant positive impact on the overall audit plan and program. The results of the additional analyses show that the majority of the respondents' opinions (93%) support the application of voluntary joint audit for all companies and (89%) support if one of the two appointed auditors is a non-big 4 auditor.

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“…De onderzoekers veronderstellen dat deze uitkomst verband houdt met "free-riding"-gedrag van het kleinere accountantskantoor. In een recente studie van Haak et al (2018) wordt geconcludeerd dat -indien sprake is van een balanced joint audit (de beide accountantskantoren hebben de hoeveelheid werk min of meer gelijk verdeeld) -een negatieve invloed op audit quality bestaat. Zij meten audit quality als abnormal working capital accruals.…”

Section: Joint Audit En Vreemde Ogenunclassified

“…Nader onderzoek is nodig om deze uitkomst goed te kunnen duiden. Uit het onderzoek van Haak et al (2018) volgt dat afstemmings-en communicatieprocessen de audit quality negatief kunnen beïnvloeden. Een andere verklaring zou kunnen zijn dat de betrokken accountantskantoren teveel op hun eigen dossier gefocust zijn, en te weinig op het geheel van de controle.…”

Section: Regressieanalyseunclassified

Vreemde ogen dwingen niet altijd

Amerongen¹,

Pareren²

2019

MAB

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Je zou op basis van het algemene principe “vreemde ogen dwingen” verwachten dat accountantscontrole leidt tot getrouwe jaarrekeningen. Wat betreft accountantscontrole geldt echter dat het begrip “vreemde ogen” meerdere facetten omvat, en daarom genuanceerd moet worden bezien. In dit artikel onderzoeken wij de invloed van de onafhankelijkheid van één paar vreemde ogen (variërend in mate van onafhankelijkheid/vreemdheid) en de invloed van twee paar ogen (joint audit) op de continuïteitsinschatting. Uit dit onderzoek blijkt dat – vreemd genoeg – bij vreemdere ogen (ten gevolge van verlaagde non-audit dienstverlening en joint audit) juist minder continuïteitsparagrafen worden afgegeven. De uitkomsten geven – voor regelgevende instanties – aanleiding om nader onderzoek hiernaar te doen.

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Joint Audits: Does the Allocation of Audit Work Affect Audit Quality and Audit Fees?

Cited by 21 publications

References 52 publications

The Impact of Joint Audit on Fraud Detection in Financial Statements From the Point of View of Auditors

The Impact of Joint Audit on Fraud Detection in Financial Statements From the Point of View of Auditors

The Impact of Joint Audit on Audit Planning Quality: A Field Study

Vreemde ogen dwingen niet altijd

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