Saudi Cultural Missions Theses & Dissertations
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Item Restricted Towards an Understanding of Audit Quality(The University of Sheffield, 2024-07-27) Alobaid, Ali A.; Sikka, PremThis study explores perceptions of audit quality (AQ) and audit quality indicators (AQIs) in Saudi Arabia. AQ and AQIs are explored from the perspectives of external auditors, members serving on the boards of directors of Saudi listed companies (BoDs), and members of the Professional Practice and Quality Review Committee (PPQRC) of the Saudi Organisation of Chartered and Professional Accountants (SOCPA). This research focuses on how these stakeholders define AQ and AQIs, and how Western auditing practices have shaped perceptions of AQ and AQIs in the Saudi context. A mixed-methods research design is used to collect and analyse data. Data from a questionnaire issued to 200 participants are descriptively analysed and semi-structured interviews undertaken with 34 participants are thematically analysed. The findings reveal general shared perceptions of AQ among the participants, despite their different interests. The study finds that AQIs in Saudi Arabia are predominantly associated with the auditor and the audit firm, and Western auditing practices have a strong influence on perceptions. The International Financial Reporting Standards/International Auditing Standards (IFRS/ISAs) also shape perceptions of AQ and AQIs in the local environment. The study contributes on multiple levels. Theoretically, it provides a deeper understanding of AQ and AQIs in the Saudi context. Methodologically, it advances research by employing a mixed-methods design that integrates quantitative and qualitative approaches in the Saudi context. Empirically, it contributes in its field of research by exploring the role of Western auditing practices in shaping AQ and AQIs in Saudi Arabia. Practically, it provides insights for auditors, BoDs, and regulators for improving audit quality practices in Saudi Arabia. It also serves as a reference guide for future research within the Gulf Cooperation Council (GCC) and other developing countries. Keywords: audit quality, perceptions, indicators, Saudi Arabia, external auditors, Board of Directors, SOCPA, Western auditing practices, international standards, IFRS, ISA.15 0Item Restricted The Impact of Audit Market Concentration on Audit Quality: Evidence from Australia(Saudi Digital Library, 2023-11-03) Alismail, Faisal; Singh, AbhijeetThis study examines the impact of audit market concentration on audit quality (that is, audit fees, earnings management (discretionary accruals), and going concern opinion) in Australia. The analysis is crucial given ongoing concerns and uncertainty regarding the precise nature of the link between audit market concentration and audit quality. Furthermore, this analysis is necessary to determine whether current regulation is adequately prepared to improve audit quality in a highly concentrated audit market, or whether new regulations are required to improve audit quality. The hypotheses are developed within an agency theory framework and tested using data collected from publicly listed Australian firms for the period from 2010 to 2018. The sample for this study consists of 11,295 firm-year observations for the audit fees and earnings management models. In contrast, the going concern opinions model contains only the firms in financial distress, with a sample of 8,268 firm-year observations. This research contributes to the current literature by offering new and significant empirical insights into the relationship between audit market concentration and audit quality. The results of this study suggest that audit market concentration is positively associated with audit quality. Additionally, robustness and sensitivity test findings largely support the significance of the association between audit market concentration and audit quality. The findings of this study have significant implications for regulators, investors, scholars, corporate management, and auditors concerning the significance of audit market concentration in improving audit quality.43 0