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207368

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

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Last updated: 22 Jan 2023

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Abstract

     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.

DOI

10.21608/cfdj.2021.207368

Keywords

Joint Audit, Audit planning quality, initial audit planning, comprehensive audit strategy, overall audit plan and program

Authors

First Name

ياسر محمد

Last Name

سمرة

MiddleName

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Affiliation

قسم المحاسبة، کلية التجارة، جامعة دمياط، مصر

Email

dryassersamra@hotmail.com

City

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First Name

هانى محمد

Last Name

الزهار

MiddleName

-

Affiliation

قسم المحاسبة، کلية التجارة، جامعة دمياط

Email

hzahar@aou.edu.kw

City

-

Orcid

-

First Name

هدير

Last Name

فايد

MiddleName

-

Affiliation

کلية التجارة - جامعة دمياط

Email

hadeerfayed89@gmail.com

City

دمياط الجديدة

Orcid

-

Volume

3

Article Issue

1

Related Issue

29193

Issue Date

2022-01-01

Receive Date

2021-06-01

Publish Date

2022-01-01

Page Start

35

Page End

82

Print ISSN

2682-3403

Online ISSN

2682-4531

Link

https://cfdj.journals.ekb.eg/article_207368.html

Detail API

https://cfdj.journals.ekb.eg/service?article_code=207368

Order

3

Type

المقالة الأصلية

Type Code

1,242

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات والبحوث المالية والتجارية

Publication Link

https://cfdj.journals.ekb.eg/

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Article

Created At

22 Jan 2023