ESIC Market

Buscador

Opinión de auditoría de negocio en marcha y experiencia específica de la empresa de proveedores de IAF subcontratados: evidencia empírica de un mercado emergente

Resumen

Objetivo e interés del trabajo: Este estudio examina el efecto de la experiencia específica de la empresa de los proveedores de IAF subcontratados en la opinión de auditoría de empresa en marcha.
Diseño de la metodología: con base en los antecedentes teóricos de la agencia, así como en estudios relevantes de la literatura de auditoría, la hipótesis del estudio se desarrolla y prueba mediante regresión probit para analizar los datos de 1,071 observaciones de años-empresa enumeradas en el mercado de capitales de Omán durante el período. 2006-2019.
Resultados: El resultado es consistente con la hipótesis de que las empresas omaníes que cotizan en bolsa con una mayor dependencia de los proveedores IAF subcontratados que tienen suficiente experiencia específica de la empresa tienen menos probabilidades de recibir una opinión de auditoría de negocio en marcha.
Implicaciones prácticas: el estudio actual refuerza las implicaciones teóricas y prácticas para los reguladores, auditores, accionistas y tomadores de decisiones al proporcionar la primera evidencia empírica sobre la relación entre la experiencia específica de la empresa de los proveedores de IAF subcontratados y la opinión de auditoría de negocio en marcha, en un emergente asiático. mercado, específicamente omaní, contexto.

Citas

Abbott, L. J., Parker, S., & Peters, G. F. (2012). Internal audit assistance and external audit timeliness. Auditing: A Journal of Practice & Theory, 31(4), 3-20. https://doi.org/10.2308/ajpt-10296 DOI: https://doi.org/10.2308/ajpt-10296

Adams, M. B. (1994). Agency theory and the internal audit. Managerial Auditing Journal, 9(8), 8-12. https://doi.org/10.1108/02686909410071133 DOI: https://doi.org/10.1108/02686909410071133

Al-Akra, M., Abdel-Qader, W., & Billah, M. (2016). Internal auditing in the Middle East and North Africa: A literature review. Journal of International Accounting, Auditing and Taxation, 26, 13-27. https://doi.org/10.1016/j.intaccaudtax.2016.02.004 DOI: https://doi.org/10.1016/j.intaccaudtax.2016.02.004

Anderson, D., Francis, J. R., & Stokes, D. J. (1993). Auditing, directorships and the demand for monitoring. Journal of Accounting and Public Policy, 12(4), 353-375. https://doi.org/10.1016/0278-4254(93)90014-3 DOI: https://doi.org/10.1016/0278-4254(93)90014-3

Averio, T. (2021). The analysis of influencing factors on the going concern audit opinion–a study in manufacturing firms in Indonesia. Asian Journal of Accounting Research. https://doi.org/10.1108/AJAR-09-2020-0078 DOI: https://doi.org/10.1108/AJAR-09-2020-0078

Archambeault, D. S., DeZoort, F. T., & Holt, T. P. (2008). The need for an internal auditor report to external stakeholders to improve governance transparency. Accounting Horizons, 22(4), 375-388. https://doi.org/10.2308/acch.2008.22.4.375 DOI: https://doi.org/10.2308/acch.2008.22.4.375

Aryantika, N. P., & Rasmini, N. K. (2015). Profitabilitas, leverage, prior opinion dan Kompetensi auditor pada opini audit going concern. E-Jurnal Akuntasi Universitas Udayana, 11(2), 414-425.

Baatwah, S. R., Al-Ebel, A. M., & Amrah, M. R. (2019). Is the type of outsourced internal audit function provider associated with audit efficiency? Empirical evidence from Oman. International Journal of Auditing, 23(3), 424-443. https://doi.org/10.1111/ijau.12170 DOI: https://doi.org/10.1111/ijau.12170

Baatwah, S. R., Salleh, Z., & Ahmad, N. (2018). High-quality auditors vs. high-quality audit: the reality in Oman. Afro-Asian Journal of Finance and Accounting, 8(3), 209-236. DOI: https://doi.org/10.1504/AAJFA.2018.093462

Baatwah, S. R., Omer, W. K., & Aljaaidi, K. S. (2021). Outsourced internal audit function and real earnings management: The role of industry and firm expertise of external providers. International Journal of Auditing, 25(1), 206-232. https://doi.org/10.1111/ijau.12217 DOI: https://doi.org/10.1111/ijau.12217

Baatwah, S. R., Omer, W. K. H., & Aljaaidi, K. S. (2022). Does the expertise of outsourced IAF providers affect audit efficiency? Empirical evidence from an emerging market. Pacific Accounting Review, 34(2), 249-273. https://doi.org/10.1108/PAR-04-2021-0044 DOI: https://doi.org/10.1108/PAR-04-2021-0044

Barr-Pulliam, D. (2016). Engaging third parties for internal audit activities. The IIA Research Foundation. https://www.iia.nl/SiteFiles/Downloads/IIARF%20CBOK%20Engaging%20Third%20Parties%20For%20IA%20Activities%20Jan%202016_0.pdf

Blay, A., & Geiger, M. (2013). Auditor fees and auditor independence: Evidence from going concern reporting decisions. Contemporary Accounting Research, 30(2), 579-606. http://doi.org/10.2139/ssrn.1943124 DOI: https://doi.org/10.1111/j.1911-3846.2012.01166.x

Breger, D., Edmonds, M., & Ortegren, M. (2020). Internal audit standard compliance, potentially competing duties, and external auditors' reliance decision. Journal of Corporate Accounting & Finance, 31(1), 112-124. https://doi.org/10.1002/jcaf.22434 DOI: https://doi.org/10.1002/jcaf.22434

Carcello, J. V., Hermanson, D. R., & Huss, H. (2000). Going-concern opinions: The effects of partner compensation plans and client size. Auditing: A Journal of Practice & Theory, 19(1), 67-77. https://doi.org/10.2308/aud.2000.19.1.67 DOI: https://doi.org/10.2308/aud.2000.19.1.67

Carcello, J. V., Hermanson, D. R., & Raghunandan, K. (2005). Factors associated with U.S. public companies’ investment in internal auditing. Accounting Horizons, 19(2), 69-84. https://doi.org/10.2308/acch.2005.19.2.69 DOI: https://doi.org/10.2308/acch.2005.19.2.69

Carcello, J. V., & Neal, T. L. (2003). Audit committee characteristics and auditor dismissals following “new” going-concern reports. The Accounting Review, 78(1), 95-117. https://doi.org/10.2308/accr.2003.78.1.95 DOI: https://doi.org/10.2308/accr.2003.78.1.95

Carey, P., Subramaniam, N., & Ching, K. C. W. (2006). Internal audit outsourcing in Australia. Accounting & Finance, 46(1), 11-30. https://doi.org/10.1111/j.1467-629X.2006.00159.x DOI: https://doi.org/10.1111/j.1467-629X.2006.00159.x

Chen, K. C., & Church, B. K. (1992). Default on debt obligations and the issuance of going-concern opinions. Auditing: A Journal of Practice and Theory, 11(2), 30-49.

Chan, Y. K., & Walter, T. S. (1996). Qualified audit reports and costly contracting. Asia Pacific Journal of Management, 13(1), 37-63. https://doi.org/10.1007/BF01739681 DOI: https://doi.org/10.1007/BF01739681

Chi, W., & Huang, H. (2005). Discretionary accruals, audit-firm tenure and audit-partner tenure: Empirical evidence from Taiwan. Journal of Contemporary Accounting & Economics, 1(1), 65-92. https://doi.org/10.1016/S1815-5669(10)70003-5 DOI: https://doi.org/10.1016/S1815-5669(10)70003-5

Contessotto, C., Knechel, W. R., & Moroney, R. A. (2019). The association between audit manager and auditor-in-charge experience, effort, and risk responsiveness. Auditing: A Journal of Practice & Theory, 38(3), 121-147. https://doi.org/10.2308/ajpt-52308 DOI: https://doi.org/10.2308/ajpt-52308

Cooper, D. R., & Schindler, P. S. (2003). Business research methods (8th ed.). McGraw-Hill, Irwin.

DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183-199. https://doi.org/10.1016/0165-4101(81)90002-1 DOI: https://doi.org/10.1016/0165-4101(81)90002-1

Desai, N., Gerard, G. J., & Tripathy, A. (2011). Internal audit sourcing arrangements and reliance by external auditors. Auditing: A Journal of Practice and Theory, 30(1), 149-171. https://doi.org/10.2308/aud.2011.30.1.149 DOI: https://doi.org/10.2308/aud.2011.30.1.149

Dopuch, N., Holthausen, R. W., & Leftwich, R. W. (1987). Predicting audit qualifications with financial and market variables. The Accounting Review, 62(3), 431-454.

Geiger, M. A., Raghunandan, K., & Rama, D. V. (1998). Costs associated with going-concern modified audit opinions: An analysis of auditor changes, subsequent opinions and client failures. Advances in Accounting, 16, 117140.

Goh, B. W., Krishnan, J., & Li, D. (2013). Auditor reporting under Section 404: The association between the internal control and going concern audit opinions. Contemporary Accounting Research, 30(3), 970-995. DOI: https://doi.org/10.1111/j.1911-3846.2012.01180.x

Ghosh, A., & Moon, D. (2005). Auditor tenure and perceptions of audit quality. The accounting review, 80(2), 585-612. https://doi.org/10.2308/accr.2005.80.2.585 DOI: https://doi.org/10.2308/accr.2005.80.2.585

Glover, S. M., Prawitt, D. F., & Wood, D. A. (2008). Internal audit sourcing arrangement and the external auditor’s reliance decision. Contemporary Accounting Research, 25(2), 5-36. https://doi.org/10.1506/car.25.1.7 DOI: https://doi.org/10.1506/car.25.1.7

Gras-Gil, E., Marin-Hernandez, S., & de Lema, D. G. P. (2012). Internal audit and financial reporting in the Spanish banking industry. Managerial Auditing Journal, 27(8), 728-753. https://doi.org/10.1108/02686901211257028 DOI: https://doi.org/10.1108/02686901211257028

Greene, W. H. (1999). Econometric analysis (4th ed.). Prentice-Hall, Inc.

Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed.). McGraw-Hill/Irwin.

Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. J. (2006). Multivariate data analysis. (6th ed.). Pearson International Edition.

Hassan, F. E., & Nasir, A. H. M. (2020). The Impacts of Investment in Internal Audit Functions on the Going Concern Opinion for Financially Distressed Firms. Asian Journal of Accounting and Governance, 14, 25-36. http://doi.org/10.17576/AJAG-2020-14-03 DOI: https://doi.org/10.17576/AJAG-2020-14-03

Johnson, E., Khurana, I. K., & Reynolds, J. K. (2002). Audit-firm tenure and the quality of financial reports. Contemporary Accounting Research, 19(4), 637-660. https://doi.org/10.1506/LLTH-JXQV-8CEW-8MXD DOI: https://doi.org/10.1506/LLTH-JXQV-8CEW-8MXD

Kaplan, S. E., & Williams, D. D. (2013). Do going concern audit reports protect auditors from litigation? A simultaneous equations approach. The Accounting Review, 88(1), 199-232. https://doi.org/10.2308/accr-50279 DOI: https://doi.org/10.2308/accr-50279

Keasey, K., Watson, R., & Wynarczyk, P. (1988). The small company audit qualification: a preliminary investigation. Accounting and Business Research, 18(72), 323-33. https://doi.org/10.1080/00014788.1988.9729379 DOI: https://doi.org/10.1080/00014788.1988.9729379

Khan, A., Muttakin, M. B., & Siddiqui, J. (2015). Audit fees, auditor choice and stakeholder influence: Evidence from a family-firm dominated economy. The British Accounting Review, 47(3), 304-320. https://doi.org/10.1016/j.bar.2015.03.002 DOI: https://doi.org/10.1016/j.bar.2015.03.002

Mubako, G. (2019). Internal audit outsourcing: A literature synthesis and future directions. Australian Accounting Review, 29(3), 532-545. https://doi.org/10.1111/auar.12272 DOI: https://doi.org/10.1111/auar.12272

Mutchler, J. F. (1985). A multivariate analysis of the auditor's going-concern opinion decision. Journal of Accounting Research, 23(2), 668-682. https://doi.org/10.2307/2490832 DOI: https://doi.org/10.2307/2490832

Numan, W., & Willekens, M. (2012). Competitive pressure, audit quality, and industry specialization [Working paper]. KU Leuven.

Parker, S., & Johnson, L. A. (2017). The development of internal auditing as a profession in the U.S. during the twentieth century. Accounting Historians Journal, 44(2), 47-67. https://doi.org/10.2308/aahj-10549 DOI: https://doi.org/10.2308/aahj-10549

Prawitt, D. F., Sharp, N. Y., & Wood, D. A. (2012). Internal audit outsourcing and the risk of misleading or fraudulent financial reporting: Did Sarbanes-Oxley get it wrong? Contemporary Accounting Research, 29(4), 1109-1136. https://doi.org/10.1111/j.1911-3846.2012.01141.x DOI: https://doi.org/10.1111/j.1911-3846.2012.01141.x

Riccardi, W. N. (2019). Do audit firm tenure and size moderate changes in financial reporting quality due to mandatory IFRS adoption? Auditing: A Journal of Practice & Theory, 38(4), 201-224. https://doi.org/10.2308/ajpt-52406 DOI: https://doi.org/10.2308/ajpt-52406

Rizzotti, D., & Angela, M. G. (2013). Determinants of board of statutory auditor and internal control committee diligence: A comparison between audit committee and the corresponding Italian committees. The International Journal of Accounting, 48(1), 84-110. https://doi.org/10.1016/j.intacc.2013.01.007 DOI: https://doi.org/10.1016/j.intacc.2013.01.007

Sanchez-Ballesta, J. P., & García-Meca, E. (2005). Audit qualifications and corporate governance in Spanish listed firms. Managerial Auditing Journal, 20(7), 725-738. https://doi.org/10.1108/02686900510611258 DOI: https://doi.org/10.1108/02686900510611258

Sharma, D. S., Tanyi, P. N., & Litt, B. A. (2017). Costs of mandatory periodic audit partner rotation: Evidence from audit fees and audit timeliness. Auditing: A Journal of Practice & Theory, 36(1), 129-149. https://doi.org/10.2308/ajpt-51515 DOI: https://doi.org/10.2308/ajpt-51515

Simamora, R. A., & Hendarjatno, H. (2019). The effects of audit client tenure, audit lag, opinion shopping, liquidity ratio, and leverage to the going concern audit opinion. Asian Journal of Accounting Research, 4(1), 145-156. https://doi.org/10.1108/AJAR-05-2019-0038 DOI: https://doi.org/10.1108/AJAR-05-2019-0038

Tsipouridou, M., & Spathis, C. (2014). Audit opinion and earnings management: Evidence from Greece. Accounting Forum, 38(1), 38-54. https://doi.org/10.1016/j.accfor.2013.09.002 DOI: https://doi.org/10.1016/j.accfor.2013.09.002

Xu, Q., & Kalelkar, R. (2020). Consequences of going-concern opinion inaccuracy at the audit office level. Auditing: A Journal of Practice & Theory, 39(3), 185-208. https://doi.org/10.2308/ajpt-18-050 DOI: https://doi.org/10.2308/ajpt-18-050

Zain, M. M., & Subramaniam, N. (2007). Internal auditor perceptions on audit committee interactions: A qualitative study in Malaysian public corporations. Corporate Governance: an international review, 15(5), 894-908. https://doi.org/10.1111/j.1467-8683.2007.00620.x DOI: https://doi.org/10.1111/j.1467-8683.2007.00620.x