Presenting a Model to Examine the Factors Influencing Audit Performance Using a Risk-Based Approach and Assessing Independent Audit Quality
Subject Areas : Ethics and accounting
Anahita Zandi
1
(Assistant Professor, Department of Accounting, Qods City Branch, Islamic Azad University, Tehran, Iran)
Keywords: Audit quality, Risk management, Audit performance, Structural equation modeling technique, Information technology.,
Abstract :
Purpose: This research examines the factors that affect audit performance using a risk-based approach and audit quality. It also explores the relationship between the risk-based approach and independent audit quality. Method: The data collection tool in this research is a questionnaire. To investigate the effective factors, this study targeted 500 professional auditors, but only 384 of them responded to the research questionnaire. Partial least squares structural equation modeling was used to test the hypotheses of this research. Findings: The findings of this research, obtained by analyzing data using structural equation modeling, reveal a positive relationship between auditors' ability, information technology support, the competitive power of auditing companies, audit costs, customer risks using a risk-based approach, and quality of independent audits. Conversely, there is a negative relationship between work pressure on auditors and the use of a risk-based approach, as well as the quality of independent audits. Additionally, the risk-based approach has a positive and significant impact on the quality of independent audits. Conclusion: In auditing, auditors are bound to face both tangible and intangible pressures. Nevertheless, by adopting systematic work organization methods, maintaining a positive attitude, and prioritizing their physical well-being, auditors can effectively manage and alleviate these pressures. Furthermore, audit firms ought to introduce incentive and reward schemes to boost motivation and job satisfaction, foster a supportive atmosphere for auditors to exchange experiences, and facilitate continuous learning.
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