The impact of consulting services on the disclosure of going concern in Jordanian commercial banks: External auditors’ perceptions

Abstract

This study aims at identifying the impact of consulting services in disclosing going concern in Jordanian commercial banks. To achieve the aim of this study, a questionnaire was developed and distributed to the study sample. Whereas the study population consisted of 457 external auditors in Jordan, a random sample of 200 auditors was selected by 44% of the study population. Notably, the results of the study showed that there were statistically significant variations in the opinions of the study sample members concerning the impact of consulting services in disclosing the going concern of the institution. Meanwhile, the study suggests a set of recommendations, such as the need for Jordanian audit offices to reject offering consulting services until after ensuring that they do not conflict with the professional conduct of the auditor and his independence, and thus by defining the areas of the consulting services that are allowed to be provided to the audited institution, and the need to organize the consulting services’ work in Jordanian audit offices in a way that providing these services doesn’t interfere with the disclosure of the going concerning the institution