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IFRS compliance and audit quality: evidence from KSA

IFRS compliance and audit quality: evidence from KSA This study aims to investigate the effect of audit quality on IFRS compliance in KSA based on a sample consisting of 176 observations in the financial sector (banking and insurance companies). A logistic regression model was used to capture the effect of both auditor size, as an indicator of audit quality, and auditor experience on IFRS compliance, which was measured using an unweighted disclosure index. The results show variance in compliance levels across companies. They also indicate a significant positive effect of both auditor size and auditor experience on the compliance level. The results provide new evidence of the importance of audit quality in a developing country, and they can be used by professionals and regulators to enhance compliance with IFRS. Keywords: audit quality; compliance; disclosure; international financial reporting standards; IFRS; Saudi; listed companies; Big 4. Reference to this paper should be made as follows: Zureigat, Q.M. (2015) `: evidence from KSA', Int. J. Accounting, Auditing and Performance Evaluation, Vol. 11, No. 2, pp.188­201. Biographical notes: Qasim Mohammad Zureigat is an Associate Professor of Auditing at the College of Business and Economics at Qassim University. He received his PhD in Accounting from AABFS. His research interests include audit http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Accounting, Auditing and Performance Evaluation Inderscience Publishers

IFRS compliance and audit quality: evidence from KSA

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Publisher
Inderscience Publishers
Copyright
Copyright © 2015 Inderscience Enterprises Ltd.
ISSN
1740-8008
eISSN
1740-8016
DOI
10.1504/IJAAPE.2015.068869
Publisher site
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Abstract

This study aims to investigate the effect of audit quality on IFRS compliance in KSA based on a sample consisting of 176 observations in the financial sector (banking and insurance companies). A logistic regression model was used to capture the effect of both auditor size, as an indicator of audit quality, and auditor experience on IFRS compliance, which was measured using an unweighted disclosure index. The results show variance in compliance levels across companies. They also indicate a significant positive effect of both auditor size and auditor experience on the compliance level. The results provide new evidence of the importance of audit quality in a developing country, and they can be used by professionals and regulators to enhance compliance with IFRS. Keywords: audit quality; compliance; disclosure; international financial reporting standards; IFRS; Saudi; listed companies; Big 4. Reference to this paper should be made as follows: Zureigat, Q.M. (2015) `: evidence from KSA', Int. J. Accounting, Auditing and Performance Evaluation, Vol. 11, No. 2, pp.188­201. Biographical notes: Qasim Mohammad Zureigat is an Associate Professor of Auditing at the College of Business and Economics at Qassim University. He received his PhD in Accounting from AABFS. His research interests include audit

Journal

International Journal of Accounting, Auditing and Performance Evaluation – Inderscience Publishers

Published: Jan 1, 2015

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