Audit Quality in ASEAN

Favere‐Marchesi, Michael

doi:10.1016/s0020-7063(99)00049-7

Cited by 48 publications

(33 citation statements)

References 2 publications

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“…Law characteristics and its implementation will also affect the performance of auditors. Cross-country research shows that the big four auditors from accounting firm do not necessarily indicate that audit quality is better than the non-big four accounting firm (Favere-Marches, 2000;Khurara and Raman, 2004;Francis and Wang, 2008;and Michas, 2011). These studies show that the level of investor protection will affect the behavior of auditors.…”

Section: Social Cognitive Theorymentioning

confidence: 96%

Social Cognitive Theory Test: Role of Anxiety in getting Professional Sanction in Professionalism and Auditor Independence

Anggraini

Baridwan

Suwardjono

et al. 2017

The Indonesian Journal of Accounting Research

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Scandals in auditing have deteriorated the credibility of the accounting profession. The low law enforcement and concentrated ownership structure in Indonesia (La Porta et al., 1999;Siregar, 2006) has led to lower auditor independence. This study uses social cognitive theory in modeling. Based on social cognitive theory, law enforcement influences auditor's concern to professional sanction. Then, the concern to professional sanction is cognitive which influence auditor's independence. The objectives of this research are to examine the effect of work context to the level of auditor's concern to professional sanction, the role of auditor's concern to professional sanction to his or her professionalism and independence. Based on scenario-based surveys in Jakarta, Surabaya, Semarang, Denpasar, Yogyakarta, we received 186 usable questionnaires (83 questionnaires from auditors working in non-big four accounting firms and 103 questionnaires from auditors who work in big four firms). This study uses multiple regression analysis and independent sample test. This study found that work context did not influence the level of auditor's concern to professional sanction but auditor's concern to professional sanction influences his or her independence to the audited. Finally, this research provides evidence that professionalism and concern to professional sanction have substitution effect to auditor's independence.Intisari: Skandal dalam audit telah memburuk kredibilitas profesi akuntansi. Rendahnya penegakan hukum dan struktur kepemilikan yang terkonsentrasi di Indonesia (La Porta et al, 1999;Siregar, 2006) telah menyebabkan independensi auditor yang lebih rendah. Penelitian ini menggunakan teori kognitif sosial dalam pemodelan. Berdasarkan teori kognitif sosial, penegakan hukum mempengaruhi kepedulian auditor terhadap sanksi profesional. Kemudian, perhatian terhadap sanksi profesional adalah kognitif yang memengaruhi independensi auditor. Tujuan dari penelitian ini adalah untuk menguji pengaruh konteks kerja terhadap tingkat 238 perhatian auditor terhadap sanksi profesional, peran perhatian auditor terhadap sanksi profesional terhadap profesionalisme dan kemandiriannya. Berdasarkan survei berbasis skenario di Jakarta, Surabaya, Semarang, Denpasar, Yogyakarta, kami menerima 186 kuesioner yang memenuhi syarat (83 kuesioner dari auditor yang bekerja di kantor akuntan non big 4 dan 103 kuesioner dari auditor yang bekerja di 4 perusahaan besar). Penelitian ini menggunakan analisis regresi berganda dan uji sampel independen. Studi ini menemukan bahwa konteks kerja tidak mempengaruhi tingkat perhatian auditor terhadap sanksi profesional, tetapi perhatian auditor terhadap sanksi profesional mempengaruhi independensinya terhadap auditor yang diaudit. Akhirnya, penelitian ini memberikan bukti bahwa profesionalisme dan perhatian terhadap sanksi profesional memiliki efek substitusi terhadap independensi auditor.

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Section: Social Cognitive Theorymentioning

confidence: 96%

Social Cognitive Theory Test: Role of Anxiety in getting Professional Sanction in Professionalism and Auditor Independence

Anggraini

Baridwan

Suwardjono

et al. 2017

The Indonesian Journal of Accounting Research

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“…In addition, Singapore accounting standards are closely modeled after the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). According to Favere‐Marchesi (), Singapore has a rather sophisticated financial market. Singapore auditing standards closely replicate the International Standards on Auditing (ISA).…”

Section: Introductionmentioning

confidence: 99%

Skills, Knowledge, and Attitudes Important for Present‐Day Auditors

Siriwardane

Low

2014

Int J Auditing

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Recent accounting scandals have challenged and transformed the present-day role of auditors, making it timely and important to re-examine the skills, knowledge, and attitudes (SKAs) required of auditors in today's business environment. While prior studies have examined SKAs of accountants and internal auditors, and personal attributes of auditors, there is little research on auditors' SKAs. We propose and examine 20 SKAs important to present-day auditors. We survey experienced auditors in Singapore about the importance of these SKAs. Our participants rate professional integrity, assessing audit evidence, and having a questioning mind (indicative of professionalism competency) as the three most important SKAs. The participants also assess entry-level auditors' (ELAs) performance for each SKA. The difference between their importance and performance ratings is largest for business competency, particularly for knowledge of client's business. Our findings have implications for various accounting constituencies in terms of developing auditors' competencies.

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“…In this context, Favere-Marchesi [35] studied the quality of statutory audit in Asia, focusing on the legal environment with a comparison among seven different Asian countries. The analysis of the data generated from the relevant law and regulations in these countries showed that diverse auditing legal environment caused differences in audit quality.…”

Section: External Auditmentioning

confidence: 99%

Internal Audit Quality Evaluation and Reliance Decision: External Auditors' Perception

Al–Twaijry¹

2017

Int J Econ Manag Sci

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Audit Quality in ASEAN

Cited by 48 publications

References 2 publications

Social Cognitive Theory Test: Role of Anxiety in getting Professional Sanction in Professionalism and Auditor Independence

Social Cognitive Theory Test: Role of Anxiety in getting Professional Sanction in Professionalism and Auditor Independence

Skills, Knowledge, and Attitudes Important for Present‐Day Auditors

Internal Audit Quality Evaluation and Reliance Decision: External Auditors' Perception

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