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123393

Compliance with Reporting on Assurance Services

Article

Last updated: 04 Jan 2025

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Subjects

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Tags

علوم المحاسبة وإدارة الأعمال

Abstract

Abstract This study examines the compliance of the audit firms with reporting on assurance services other than audit of financial statements for the companies listed in the Egyptian stock exchange market. The study analyzes the professional issues, laws, and codes that related to the assurance services and its requirements, in order to evaluate the role of audit firms in view of the Egyptian and international professional standards of assurance services, especially Sarbanes-Oxley act (SOX). This study investigates the audit firm's reports and adopts personal interviews for independent random sample of auditors within the selected sample of the audit firms. The study sample is all audit firms (67) that audit all companies listed for all sectors in the Egyptian stock exchange for 10 years from 2008 to 2017. Analysis of the professional issues shows converge between the Egyptian and international standard of assurance engagement. The results indicate that small number of audit firms comply with reporting on certain types of assurance services such as assessments of internal control structure's effectiveness, assessment of compliance with corporate governance's principles, assessment of compliance with environmental, occupational safety, and Health Care requirements. The Egyptian business environment doesn't ensure the reporting on assurance services, since it is not obligatory requirement but a voluntary basis.

DOI

10.21608/zcom.2020.123393

Keywords

assurance engagement, reporting on assurance services, Sarbanes-Oxley act (SOX), internal control structure’s effectiveness, compliance with corporate governance’s principles, compliance with environmental, occupational safety, and Health Care requirements

Authors

First Name

شريف عبدالسلام

Last Name

المصري

MiddleName

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Affiliation

قسم المحاسبة، کلية التجارة، جامعة الزقازيق، الزقازيق، مصر

Email

-

City

القاهرة

Orcid

-

Volume

41

Article Issue

4

Related Issue

18276

Issue Date

2019-10-01

Receive Date

2019-08-09

Publish Date

2019-10-01

Page Start

3

Page End

31

Print ISSN

1110-7731

Online ISSN

2735-4512

Article File

ZCOM_Volume 41_Issue 4_Pages 3-31.pdf

PDF . 200.3kB

Link

https://zcom.journals.ekb.eg/article_123393.html

Detail API

https://zcom.journals.ekb.eg/service?article_code=123393

Order

9

Type

تجاریة کل ما یتعلق بالعلوم التجاریة

Type Code

1,572

Publication Type

Journal

Publication Title

مجلة البحوث التجارية

Publication Link

https://zcom.journals.ekb.eg/

MainTitle

Compliance with Reporting on Assurance Services

Details

Type

Article

Created At

23 Jan 2023