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Title: Audit quality attributes : perceptions within the local scenario
Authors: Camilleri, Roberta
Keywords: Auditing -- Standards -- Malta
Auditors -- Malta
Issue Date: 2016
Abstract: Purpose : The objective of this study is to evaluate the perceptions of auditors and management with respect to audit quality and to analyse which attributes are perceived to influence the level of quality. It also aims to analyse whether there is any difference in the perceptions of the respondents. Furthermore, it examines whether it is audit firm or audit team characteristics that are perceived to have the greatest effect on audit quality. Design : Online questionnaires were sent to a random sample of 400 Maltese registered companies and 400 local auditors. The data collected was used to evaluate local perceptions regarding audit quality, using the AUDITQUAL model as a basis. Findings : The study reveals that all dimensions are perceived to have a positive influence upon audit quality with the most important dimension being reputation, closely followed by capability and expertise, for both respondent groups. It also shows that gaps in the participants’ perceptions exist with respect to all of the audit quality factors, with auditors attributing a higher weighting in the majority of cases. Furthermore, findings also highlight that both audit team and firm-wide characteristics are perceived to have an impact on audit quality with the latter being regarded as more influential, by both participant groups. Conclusions : The study concludes that if a quality service is to be rendered, audit firms should duly consider all of the audit quality dimensions. Furthermore, emphasis should not only be made upon the firm’s image, performance and conduct, but attention should also be given to ensuring that individual team members have the appropriate repute and requisites. Implications : This study sought to identify the importance attributed by auditors and auditees to each particular dimension. Consequently, audit firms may benefit by focusing upon those characteristics deemed to be of greater importance by the client and thereby further enhancing the quality of the work rendered.
Description: M.ACCTY.
Appears in Collections:Dissertations - FacEma - 2016
Dissertations - FacEMAAcc - 2016

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