Reportable irregularities and audit quality: Insights from South Africa. Issue 1 (March 2015)

• Record Type: Journal Article
• Authors: Maroun, Warren
• Is Part Of: Accounting forum. Volume 39:Issue 1(2015)
• Page Start: 19
• Page End: 33
• Publication Date: 2015-03
• Subjects: Accounting -- Australia -- Periodicals; Comptabilité -- Australie -- Périodiques; Finances de l'entreprise; Australie; 657.05
• DOI: 10.1016/j.accfor.2014.03.002
• Languages: English
• ISSNs: 0155-9982

Abstract

<abstract abstract-type="author-highlights" id="abs0005"> <title id="sect0005">Highlights</title> <sec> <p id="spar0005"> <list id="lis0005"> <list-item id="lsti0005"> <label></label> <p id="par0005">The research provides one of the first interpretive accounts of auditing in an African setting.</p> </list-item> <list-item id="lsti0010"> <label></label> <p id="par0010">The association between audit quality and a duty to report irregularities to an independent regulatory body is explored.</p> </list-item> <list-item id="lsti0015"> <label></label> <p id="par0015">The reporting duty contributes to the perceived auditor independence.</p> </list-item> <list-item id="lsti0020"> <label></label> <p id="par0020">It also emphasises the importance of engagement leader participation and sound consultation and review policies.</p> </list-item> <list-item id="lsti0025"> <label></label> <p id="par0025">Issuing more than a generic audit report can add significantly to the perceived value of the assurance function.</p> </list-item> </list> </p> </sec> </abstract>