ESIC Market


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


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.


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.

Adams, M. B. (1994). Agency theory and the internal audit. Managerial Auditing Journal, 9(8), 8-12.

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.

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.

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.

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.

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.

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.

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.

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.

Barr-Pulliam, D. (2016). Engaging third parties for internal audit activities. The IIA Research Foundation.

Blay, A., & Geiger, M. (2013). Auditor fees and auditor independence: Evidence from going concern reporting decisions. Contemporary Accounting Research, 30(2), 579-606.

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.

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.

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.

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.

Carey, P., Subramaniam, N., & Ching, K. C. W. (2006). Internal audit outsourcing in Australia. Accounting & Finance, 46(1), 11-30.

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.

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.

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.

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.

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.

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.

Ghosh, A., & Moon, D. (2005). Auditor tenure and perceptions of audit quality. The accounting review, 80(2), 585-612.

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.

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.

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.

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.

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.

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

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.

Mubako, G. (2019). Internal audit outsourcing: A literature synthesis and future directions. Australian Accounting Review, 29(3), 532-545.

Mutchler, J. F. (1985). A multivariate analysis of the auditor's going-concern opinion decision. Journal of Accounting Research, 23(2), 668-682.

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.

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.

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.

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.

Sanchez-Ballesta, J. P., & García-Meca, E. (2005). Audit qualifications and corporate governance in Spanish listed firms. Managerial Auditing Journal, 20(7), 725-738.

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.

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.

Tsipouridou, M., & Spathis, C. (2014). Audit opinion and earnings management: Evidence from Greece. Accounting Forum, 38(1), 38-54.

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.

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.