Factors Affecting Audit Quality: Evidence from Jordan

Abstract

Objective - This study explores the factors influencing audit quality in Jordan, focusing on professional competence, auditor qualifications, availability and independence, professional experience, awareness of audit importance, and audit fees. Methodology/Technique –. Drawing from a sample of 454 Jordanian legal auditors, the research employs a questionnaire-based methodology. Findings - Results indicate a significant impact of the studied factors on audit quality, with audit fees being the most influential, followed by auditor objectivity and independence. Professional competence, academic qualifications, professional experience, and awareness of the importance of audits also contribute to audit quality. These findings underscore the importance of fair fee structures, maintaining auditor independence, and emphasizing professional competence to enhance audit quality and public trust. Novelty - The study recommends setting fees aligned with task complexity and upholding auditor independence for meaningful audit opinions. Type of Paper: Empirical JEL Classification: M41, M42, M48 Keywords: Audit Quality, Professionalism, Availability, Professional Experience, Audit Fees. Reference to this paper should be referred to as follows: Aburisheh, K; Nofal, S. (2023). Factors Affecting Audit Quality: Evidence from Jordan, Acc. Fin. Review, 8(3), 54 – 63. https://doi.org/10.35609/afr.2023.8.3(1)