Research on International Standards on Auditing: Literature synthesis and opportunities for future research

Abstract

Research on International Standards on Auditing (ISAs) would greatly benefit from a research framework that categorizes the research streams related to ISAs and suggests areas for future research. This paper reviews the current research related to ISAs and develops a framework for analysis going forward. We identify seven main research streams: the development and history of ISAs; adoption of ISAs; association between national auditing standards and ISAs; financial reporting quality; audit reports; audit efficiency; and International Financial Reporting Standards (IFRS) compliance. For each research stream, the main results are summarized. At the conclusion of our literature reviews for each research stream, we suggest areas requiring further examination.

Reorentasi Audit Internal Untuk Melawan Korupsi Pengadaan

“…Misal dalam praktik audit internal, dapat diinisiasi mulai dari perencanaan audit dilakukan, bahkan pada pendeteksian risiko awal, untuk menentukan kualitas audit internal yang dilakukan oleh auditor (Chambers 2014b;Elbardan, Ali, & Ghoneim, 2016). Dalam hal ini auditor internal dalam memberikan assurance dapat melakukan warning sign terhadap manaje-men risiko untuk memitigasi risiko secara tanggap dan efektif (Haapamäki & Sihvonen, 2019). Secara konsep IIA (2015) meregulator sistem dengan memosisikan auditor internal sebagai lini pertahanan ketiga yang dapat mengelola risiko dalam entitas.…”

Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world

“…Following the recent global financial scandals, international bodies such as the World Bank and the International Organization of Securities Commissions have applied significant pressure to encourage many countries worldwide to adopt the International Standards on Auditing (ISAs) (Wong, 2004). Specifically, it has been argued that poor national auditing standards have partially contributed to the recent financial scandals in many countries worldwide (Haapamäki & Sihvonen, 2019;Monfardini & von Maravic, 2019). Additionally, the need for adopting ISAs has recently increased as a result of the rapid growth of financial markets, as well as the increasing pressure from multinational corporations and foreign investors to adopt good practices that improve the accuracy, comparability and reliability of the disclosed information (Boolaky & Omoteso, 2016;Boolaky & Soobaroyen, 2017;Krishnan & Zhang, 2019).…”

“…Few studies, however, have investigated the transnational antecedents of ISAs adoption (e.g., Boolaky & O'Leary, 2012;Boolaky & Omoteso, 2016;Boolaky & Soobaroyen, 2017). These few ISAs studies are impaired in that (i) they have only investigated a small number of institutional legal factors (i.e., legal origin or investor protection rights) and educational factors (i.e., educational attainment), and (ii) they have included a small number of countries in their analysis, and this consequently may limit the generalisability of their findings (Haapamäki & Sihvonen, 2019).…”

Determinants and consequences of auditor‐provided tax services: A systematic review of the international literature

“…The advantage of systematic reviews lies in a 'replicable, scientific and transparent process that enables the researcher to provide an audit trail, justifying his/her conclusions' (Tranfield et al, 2003, p. 218). We adapt the Haapamäki and Sihvonen (2019) and Gepp et al (2020) approaches to collecting papers for inclusion in this literature review, which combine both electronic and manual searches. First, we performed an extensive search via the Scopus database to identify potential studies published in accounting journals.…”