Principles Of External Auditing Porter Pdf To Word
Principles Of External Auditing Porter Pdf To Word' title='Principles Of External Auditing Porter Pdf To Word' />Mediating Role of Auditor Quality. Abdelfatah M. Alrshah. School of Accountancy, Universiti Utara Malaysia, Othman Yeop Abdullah Graduate School of Business. Correspondence to Abdelfatah M. Alrshah, School of Accountancy, Universiti Utara Malaysia, Othman Yeop Abdullah Graduate School of Business. Bonjour For Windows 8 here. Copyright 2. 01. Scientific Academic Publishing. All Rights Reserved. Abstract. Current study seeks to analyze the impact of corporate governance mechanism on audited financial statements reliability by analysing mediating effect of auditor quality. Study based on primary data which was collected from 1. Libyan banking industry through convenience sampling. Multiple regression analysis was used to determine the relationship among independent variables and mediating variable and bivariate regression analysis used to analyze the relationship among mediating variable and dependent variable. The current study used reliability of audited financial statement as a dependent variable and auditor quality as mediating variables. The independent variables in current study are non audit services, auditor rotation, measures of audit firm size, measures of audit firm fees and measures of audit committee characteristics. Result of current study stated that there is a direct positive relationship between corporate governance practices and auditor quality. Find essays and research papers on Environment at StudyMode. Weve helped millions of students since 1999. Join the worlds largest study community. Risk is the potential of gaining or losing something of value. Values such as physical health, social status, emotional wellbeing, or financial wealth can be. Principles Of External Auditing Porter Pdf To Word' title='Principles Of External Auditing Porter Pdf To Word' />Perspective. What Is Value in Health Care Michael E. Porter, Ph. D. N Engl J Med 2010 36324772481 December 23, 2010 DOI 10. NEJMp1011024. The results also reveal a direct strong positive relationship between auditor quality and the reliability of audited financial statements. In terms of mediation, the findings of the study show that auditor quality partially mediates the relationship between corporate governance mechanisms and the reliability of audited financial statements. Keywords. Corporate Governance Mechanisms, Auditor Quality, Reliability of Audited Financial Statements, Libya, Banking Sector. Cite this paper Abdelfatah M. Alrshah, An Empirical Analysis of Audited Financial Statements Reliability Mediating Role of Auditor Quality, International Journal of Finance and Accounting, Vol. No. 3, 2. 01. 5, pp. Introduction. Corporate governance has attained immense attention of business world and research scholars in todays hypercompetitive and volatile business environment. Recent scandals of corporate word like Enron corporation, BCCI, World. Warsaw Font. Com, Lehman brothers and HIH insurance group has fostered to consider corporate governance as significant field. Among the various corporate governance reforms, reliability of reported financial statements information is vital. The crux of corporate governance reforms and implementation are to enhance the efficiency and effectiveness of financial statement reporting and audit quality 7, 1. Therefore scholars and policy makers are much interested to dig out and explore corporate governance related to financial statement reliability and audit quality in both developing and developed countries 4. Therefore outcome of corporate crises and scandals urged importance of reliability of financial statements, audit quality and corporate governance 5. There are few studies that investigated the impact of corporate governance mechanism on financial statement reliability in the context of Libya. Current study seeks to fill this gap by examining the impact of corporate governance on reported financial statements reliability with mediating effect of auditor quality in Libyan banking sector. Literature Review. Reliability of financial statements and reporting has its roots in industrial revolution and ancient trading 5. Current business models challenged the old rule of thumbs and separate the authority and power of management control from ownership 3. This response was to be compatible with contemporary needs of stakeholders of financial statements for accountability 2. Reliability of audited financial statements is an among the core issues in a todays corporate sector. It has gained more importance in recent time of financial crunch. Financial accounting standards Board 2. Quality of information that assures that focus information is reasonably free from error or bias and faithfully represents what it purports to represent. Bribesh 9 stressed that corporate financial reports should contain certain characteristics and attributes to be effective namely, reliability, relevance, completeness, comparability and understandability. These characteristics and attributes enable the investors to rely on financial statements while taking financial decision. Obaidat 4. 6 and Elliot 1. Reliable information is having characteristics of neutrality and faithful representation of the financial information. Type or paste a DOI name into the text box. Click Go. Your browser will take you to a Web page URL associated with that DOI name. Send questions or comments to doi. Bibliography Among the Disciplines Conference. Canoscan 8800F Drivers For Windows 10 here. Bibl iography Among the Disciplines, a fourday international conference to be held in Philadelphia from 12 to 15. Current study seeks to analyze the impact of corporate governance mechanism on audited financial statements reliability by analysing mediating effect of auditor quality. Principles Of External Auditing Porter Pdf To Word' title='Principles Of External Auditing Porter Pdf To Word' />There is paucity of empirical studies that examine the collective impact of NAS, Audit fee, Auditors independence regarding reliability of financial statements 4, 2. Provision of Non Audit Services NASAfter decay of Enron, the field of the provision of NAS and auditor independence emerged as burnning issue for scholars and pactitioners 3. Intense literature revealed that independence of auditors is a serious threat to its corporate clients in many countris 4, 8, 1. Surely this issue urged the need to control external auditors to prevent from providing NAS that impair the impartiality and independence of auditors 5. Auditor Rotation The relationship of firm auditor rotation, audit firm independence and audit quality is significant area of research and discussion in accounting literature. There is immense literature can be found that stress on quality of financial reporting by sustaining the auditor independence thorugh auditor rotation reporting 3. There are other views that posit contrary view point about having little faith in ability of auditor independence due to audit rotation 1. Salleh and Jasmani 4. The association between the rotation of mandatory audit partner and reliability of audited financial statements seemed significant. Size of Audit Firm. Many researchers found positive linkage between firm size of the audit firm, auditor quality and reliability of the financial statements 2, 2. Several researchers have defined large firm size in terms of the provision of multi services to many clients 1. Audit Firm Fees. Many researcher indicate that audit quality much dependent on fees charging for audit services and consequently it effects reliability of the financial statements 1, 2. Security of the auditing profession has been increased deu level of NAS fee collected from audit customers and expected influance of theses fees on independence of auditors and audit quality consequently to reliability of financial statements 3. Auditor Quality. Auditor quality is one of the important elements to make financial reports more reliable and audit committees play significant role in it. The degree of audit quality is significantly affected by the audit committee 4. More specifically, effective audit committees are anticipated to improve financial reporting quality by assuming responsibilities especially reviewing the financial statements prepared by the clients management. Additionally, audit committees are also estimated to play a key role in ensuring the effectiveness of external auditors in the audit engagement process by, fulfilling a number of responsibilities including the selection and remuneration of external auditors, as well as reviewing the auditors work 1.