Audit Experience Research Articles

The Effect of the Audit Committee on the Voluntary Risk Disclosure in Jordanian Commercial Banks: The Moderating Role of Family Ownership

This study aimed to identify the impact of audit committee characteristics on voluntary risk disclosure and to discover the moderating effect of family ownership on the relationship between audit committee characteristics and voluntary risk disclosure. Its population is represented by Jordanian commercial banks registered and operating in Jordan from 2017 to 2023. Significantly, it concluded by revealing that the characteristics of the audit committee, namely, independence, experience, and committee size, obviously impact the disclosure of voluntary risk in the selected banks. However, the results made it obvious that the number of audit committee meetings did not affect the degree of voluntary risk disclosure. In addition, the results reveal that family ownership moderately affects the relationship between some audit committee characteristics and voluntary risk disclosure.

Effect of External Audit Opinion on Return on Asset of selected Food and Beverage Manufacturing Firms in Nigeria

External audit has become a fundamental area of audit research in recent times especially after the classical cases of audit failure experiences in major corporations. Audit of Medium Enterprises have proven to be among the most worrisome for professional accountants because of the inadequacy of the internal controls as argued. This study the effect of external audit opinion on return on asset of selected food and beverage manufacturing firms in Nigeria. Ex-post facto research design was employed for this study. The population of the study consists of fourteen (14) listed food and beverage registered and quoted on the floor of the Nigerian Exchange Group (NGX) as at May, 2023. A purposive sampling technic was adopted to select seven (7) out of the fourteen (14) listed food and beverage companies on the Nigerian Exchange Group archives for the period of 2009-2023. Inferential statistics such as Panel regression analysis was adopted to analyse the extent to which external audit opinion influence return on asset of selected food and beverage manufacturing firms in Nigeria. Findings from the result of panel regression on the extent to which external audit opinion influence return on asset of selected food and beverage manufacturing firms in Nigeria showed that three (3) out of the four (4) expiatory variable were significant in explaining the variation of profitability. These variables are eternal audit opinion (0.0913), regulatory oversight (0.0143) and eternal audit experience (0.0294) y. The study revealed that there is significant relationship between external audit opinion and return on asset of selected food and beverage manufacturing firms in Nigeria. It is therefore recommended that manufacturing firms should prioritize maintaining the independence of their external auditors. This can be achieved by implementing strict internal policies that limit the influence of management on audit processes.

CFO prior audit experience and firms’ non-GAAP reporting

CFO prior audit experience and firms’ non-GAAP reporting

Pengaruh Pengalaman Auditor, FEE Audit dan Independensi Terhadap Kualitas Audit

This research aims to measure the influence of Auditor Experience, Audit Fees and Independence on Audit Quality at Public Accounting Firms (KAP) in the Bekasi Region. This research was conducted using a non-probability sampling approach with a purposive sampling method. The number of samples used in this research was 62 respondents. The design used in this research is hypothesis testing using the Structural Equitation Model (SEM) - SmartPLS 4.0. The results of this research indicate that (1) Auditor experience has a positive effect on audit quality; (2) Audit Fees have no effect on audit quality; (3) Independence has a positive influence on audit quality.

Determinan Ketepatan Pemberian Opini Audit Dengan Pengalaman Auditor Sebagai Variabel Moderasi

This research aims to partially and simultaneously determine independence, ethics and competence on the accuracy of providing audit opinions, as well as the role of auditor experience as a moderator in this relationship. The research population is auditors registered at KAP South Jakarta. The research sample was 83 respondents. The sampling technique is purposive sampling. The analysis method is multiple linear regression. The partial research results show that ethics and competence influence the accuracy of providing an audit opinion, while independence does not influence the accuracy of providing an audit opinion. Furthermore, the auditor's experience which acts as a moderating variable is able to influence the relationship between ethics and competence, but weakens the relationship between independence and the accuracy of providing an audit opinion. Simultaneously the auditor's independence, ethics, competence and experience which act as moderating variables have an influence on the accuracy of providing an audit opinion

The Effect of Task Complexity and Knowledge on Audit Considerations with Experience as a Moderator

Audit judgment practiced by professional auditors has always been an interesting topic in both accounting practice and literature. Given the significance of audit judgment in the field of accounting, it is unsurprising that numerous studies have attempted to identify the factors influencing it. Previous research has yielded varied findings on the impact of task complexity and auditor knowledge on audit judgment. This research aims to examine the effect of task complexity on audit judgment, the impact of auditor knowledge on audit judgment, the moderating effect of auditor experience in the relationship between task complexity and audit judgment, as well as between auditor knowledge and audit judgment. The research adopted a quantitative approach, utilizing a survey process through questionnaires. The study population consisted of auditors from 70 Public Accounting Firms in East Java, as listed in the IAPI Directory 2021. To ensure the appropriateness of the analytical method,, validity, reliability, and descriptive statistics were applied. Statistical research techniques included multiple linear regression analysis using SPSS 26. The findings reveal that task complexity significantly and negatively influences audit judgment, auditor knowledge significantly and positively influences audit judgment, and auditor experience moderates the effects of both task complexity and auditor knowledge on audit judgment.

P-339. Infection Control Link staff program that involves all professionals improves the quality of infection control in hospitals

Abstract Background Collaboration among all medical staff is essential to improve the quality of infection control. However, it is not easy to fully disseminate infection control knowledge to all. The purpose of this study was to evaluate whether the implementation of the Infection Control Link staff program organized in our hospital improved the quality indicator (QI) of infection control. Methods Our hospital's link staff program is unique in that it is composed of all healthcare professions, including not only physicians and nurses, but also laboratory technicians, pharmacists, radiologists, and physical therapists. The program was launched in 2012. Various lectures and hands-on learning experiences (hand hygiene compliance audit experience, personal protective equipment (PPE) donning and doffing training, etc.) were conducted at monthly meetings, and each department was asked to take the training home and put it into practice. As QI for infection control included the number of new hospital-acquired cases of Methicillin-resistant Staphylococcus aureus (MRSA) infection, the percentage of MRSA among all S. aureus detected in culture, the number of blood culture tests per 1000 patients/day, two sets of blood culture collection rate were used as indicators to evaluate efforts; QI data through 2020 were used for evaluation due to activity limitations imposed by COVID-19. Results In terms of indicators related to MRSA, the nosocomial incidence of MRSA infections was 3.4‰ in 2011, but gradually decreased to 1.1‰ in 2020. The MRSA/S. aureus detection rate also declined from 47.0% to 33.4% during the same period (Fig. 1). On the other hand, the number of blood culture tests per 1000 patients/day decreased from 14.1 in 2011 to 37.3 in 2020, and the collection rate of 2 sets of blood cultures improved from 42.5% to 93.7% during the same period (Fig. 2). Conclusion Bundling of various initiatives is important to improve the quality of hospital infection control. Although the Link Staff Program was not the only factor that improved quality, it is believed that this initiative was successful in providing knowledge and increasing awareness of infection control to all staff in all professions. Disclosures All Authors: No reported disclosures

Public Accounting Firm Characteristics on the Readability of Key Audit Matters

This study investigates the readability of Key Audit Matters (KAM) in a sample of 448 companies listed on the Indonesia Stock Exchange (IDX) using the INDX model and multiple regression analysis. The findings reveal that auditors from Big Four firms, auditor gender, meeting frequency, and company leverage negatively affect KAM readability, resulting in lower INDX scores and more complex reports. Conversely, factors such as audit fees, auditor experience, KAM type, audit committee size, and company size based on total assets do not significantly influence readability. A higher INDX score indicates better readability, suggesting that reports with lower scores are more difficult to understand. These findings provide insights for regulators and auditors to improve the clarity of audit reports, enhancing transparency and communication with stakeholders.

The Effect of Workload and Auditor Experience on the Auditor's Ability to Detect Fraud at Public Accounting Firms

The Effect of Workload and Auditor Experience on the Auditor's Ability to Detect Fraud at Public Accounting Firms

Mediating Assurance in Auditing Standards: Auditors Mitigation of Risks of Frauds

This study critically interrogates mediating assurance in auditing lived experiences of independent auditors. It is qualitative research based on constructivist perspective. A combination of participant observations and interviews were used to build data corpus. Data was analysed using thematic coding. Findings show that assurance is felt in the present auditing standards, corroborated by mediating assurance while drawing on the main objectives of auditing. Findings also show that ISA motivates the verification of accounting functions disrupting status quo for perpetuation of fraud outside the outreach of auditor. Therefore, the auditor tends to mold credibility with its works, towards reducing auditing expectation gap. As the auditor reports to the corporate governance, mainly the audit committee, certain cases may reveal barriers for additional audit jobs to elucidate cases of significant accounting errors that have the characteristics of accounting fraud. We conclude that, insofar as the ISA tries to favour a set of auditors who suppress compliance or auditor with a myopic approach, the main motivations of assurance would not have been met. As an implication, it constitutes an innovation in the fieldwork of the auditors to embrace the current responsibilities demanded by users of financial statements to mitigate the risk of fraud.

Future Relevance of Innovative Information Technology in External Auditing and the Gap Between the Expertise in Sri Lanka

This study addresses a critical empirical gap by investigating the perceptions of external auditors in Sri Lanka regarding their current expertise and the future relevance such expertise in terms of innovative information technology (IT) in external auditing. The research also assesses whether discrepancies exist between auditors’ current IT capabilities and the expected expertise of emerging IT technologies. Additionally, it explores how specific auditor characteristics influence IT competence and perceptions of future relevance. A structured questionnaire was administered to a sample of 200 external auditors from both Big Four and non-Big Four firms, and the data were analyzed using descriptive and inferential statistical techniques. The findings indicate that while auditors acknowledge the growing importance of IT, a significant gap persists between their existing expertise and the skills required to adopt future IT tools effectively. This gap is most pronounced for advanced technologies such as machine learning, process mining, and robotic process automation. On the other hand, regression analysis highlights that work experience and hierarchical position of external auditors significantly influence IT knowledge and perceptions of relevance. Conversely, demographic factors such as age, gender, education, and firm size did not show a significant impact. The study underscores the need for targeted professional development, particularly for senior auditors, to bridge the technological gap. The results suggest that regulatory and educational bodies should implement strategic initiatives to ensure external auditors are equipped to meet the evolving demands of the audit profession in a rapidly changing technological landscape.

Impact of Auditors’ Industry Specialization and Longevity on Professional Skepticism

As a result of financial scandals, such as GE Co. and AIG, professional skepticism received increased significance in the field of auditing. Grounded in Hurtt’ s professional skepticism framework, this quantitative correlational study aimed to examine the relationship between years of auditor experience, the extent of industry specialization of the auditor, and the variation in the level of professional skepticism. The study included data from 68 U.S. accountants and auditors. The results of the multiple regression model showed that at F(2, 65) = 4.414, p = 0.016, R2 = 0.12, auditor’s industry specialization was a significant factor, which is positively associated with professional skepticism. Auditor’s industry specialization was statistically significant (ß= .316, t = 2.704, p = .009), accounting for a higher contribution to the model. Auditor’s longevity in the field was not statistically significant, thus, did not explain any significant variance in the performance of professional skepticism. The results of this study extended research on professional skepticism attributes and expanded our understanding of predictive variables.

PENGARUH KOMPETENSI, PENGALAMAN AUDIT, TEKANAN WAKTU, SKEPTISME PROFESIONAL TERHADAP KEMAMPUAN AUDITOR MENDETEKSI FRAUD LAPORAN KEUANGAN

This objective of this research to empirically analyze the influence of competency, time pressure, audit experience, and professional skepticism on auditor ability in detecting fraud on financial statements. The population in this research are auditors who worked on Public Accounting Firm in DKI Jakarta area. Primary data collection method used is questionnaire method. The data are analyzed by using Moderate Regression Analyze (MRA). The analytical tool used to test the hypothesis is SPSS 25. The result showed that Competency, Audit Experience, and Proffesional Skepticism have a positive impact on auditors ability of fraud detection. Value of the coefficient of determination indicates that together the Competency, Time Pressure, Audit Experience and Proffesional Skepticism contribute to dependent variable (Auditors Ability of Fraud Detection in Financial Statement) of 84,8% while the remaining 15,2% are influenced by other autside factor model. Copyright © 2024 by Authors, Published by Jurnal Bisnis Terapan. This work is licensed under a Creative Commons. Attribution-ShareAlike 4.0 International License

SOCIAL AUDIT IN THE REPUBLIC OF KAZAKHSTAN: PROBLEMS AND PROSPECTS

This article explores the contemporary landscape of social auditing. Research paper examines international best practices in social auditing, and analyzes the key elements shaping social auditing’s developing in the Republic of Kazakhstan. Making conclusion that conducting social audits within enterprises is essential. The article examines the international experience of social audit, highlighting the key principles and practices. In particular, the following are analyzed: social audit standards, methods and tools, the role of stakeholders. Social audit is a systematic process of evaluating and measuring the social impact of an organization, project, or program. It allows you to objectively assess how activities meet public interests and expectations, as well as identify areas for improvement. Social audit is in the stage of active formation, which indicates a growing awareness of the importance of transparency in business practice. Despite the initial stage of development, a number of important initiatives have already been implemented aimed at improving the efficiency and transparency of organizations' activities. Social audit is a complex process that includes assessment, reporting and implementation of measures to improve the functioning and working style of the organization. Its key goal is to measure the impact of an organization on society as a whole, the degree of its corporate social responsibility. The article highlights the value of social audit for organizations striving for sustainable development. Its implementation will increase the social responsibility and create a positive impact on society. Social audit helps to identify problem areas in the company's work aspects. This allows us to develop effective measures to improve the situation and minimize possible risks.

Moderate of organizational culture: independence, integrity, professionalism and experience of internal auditors on fraud prevention

This study aims to examine the effect of internal auditors' independence, integrity, professionalism, and experience on fraud prevention with organizational culture as a moderating variable. The data for this study were collected through a questionnaire, the research respondents were BPR internal auditors in Bali Province. The method of determining the sample was purposive sampling with the criteria of internal auditors who have more than 1 year of work experience, so 149 respondents were obtained. The data analysis technique used in this research is Path Analysis (SEM-PLS). The results showed that the integrity, professionalism, and experience of internal auditors have a positive and significant effect on fraud prevention, while the independence of internal auditors has no significant effect on fraud prevention; and organizational culture strengthens the effect of integrity, professionalism, and experience of internal auditors on fraud prevention, but is unable to strengthen the effect of internal auditor independence on fraud prevention.

Addressing “Bullshit” work in neoliberal academia: Tales from an audit experience and a call to action

The concept of bullshit jobs, defined as jobs perceived as pointless or pernicious, has gained limited attention within academia thus far. This study aims to fill this gap by utilizing the bullshit concept to ethnographically explore an audit experience in the context of the neoliberal university. We argue that the pervasive influence of the audit culture in higher education has detrimental subjective and intersubjective effects, which can be fruitfully examined through the bullshit lens. In the article, we present an autoethnographic account of our experience with the Italian “Periodic Accreditation of Universities” program, which involved an audit of our institution. Through our lived experiences and observations, we aim to shed light on the bullshit effects resulting from the methods and criteria used to evaluate the quality of higher education. In conclusion, in the article, we discuss how the bullshit discourse can foster academics’ resistance against these mechanisms and propose a call to action for sharing similar experiences to kickstart reflexive practices that could help push back against the neoliberal audit regime.

Pengaruh Pendidikan, Pelatihan, dan Pengalaman Terhadap Skeptisisme Profesional Auditor Pada KAP di Kota Batam

Maintaining an inquisitive mindset while presenting audit data critically is an approach that displays professional skepticism. To approve or reject findings by offering corrective measures, the auditor must first gather information about the activities of the audited organization, compare it with predetermined criteria, and then draw conclusions. An auditor has an obligation to uphold his profession by doing what is asked of him. In addition to stating consideration for the reliability of financial statements, it is their professional duty to adhere to the. The public and consumers alike will evaluate certified financial reports, so it is important to approach such reports with a healthy level of skepticism. The main objective of this research is to determine whether the professional skepticism of auditors at KAP in Batam City varies according to level of education, training and work experience. Saturated sampling was used to determine the sample size of 45 respondents for this quantitative research procedure. Using SPSS 26 software, this reconnaissance yielded considerable results. Education has a significant positive effect because the T test value of 0.031 is less than 0.05. Since the calculated T value of 0.000 is lower than 0.05, this indicates that training has a statistically significant positive impact. The stay experience is positive with a T test score of 0.000, lower than the significance level of 0.05. With an F significance level of 0.00 which is less than 0.05, the F test shows that the auditor's education, training and experience influence their professional skepticism. Therefore, auditors' professional skepticism is significantly influenced by their education, training, and experience. The elements influencing auditors' professional skepticism may be better understood with these data.

A survey of foundation dentists' experiences of clinical audit.

Introduction Clinical audit is one of the central pillars of clinical governance and is a valuable quality improvement tool. Clinical audit has benefits for all stakeholders and provides evidence of compliance with the requirements of the UK statutory regulatory bodies. The levels of knowledge, experience and understanding of clinical audit of recent UK graduates is variable.Aim To explore foundation dentists' experiences of clinical audit and to identify opportunities for improvement in the teaching of clinical audit in their dental foundation training.Method An online survey was sent out to 231 foundation dentists who had recently completed their foundation programme, mandated audit project in the Midlands and East of England regions in July 2022.Results A total of 40 foundation dentists completed the survey (17% response rate). The results show 30% of respondents feeling well-prepared before their audit project, 45% of respondents were neutral in their response and only 25% felt unprepared for their audit project.Discussion Several opportunities for improvement in the teaching of clinical audit in dental foundation training were identified, such as development of an online resource bank.

Pengaruh Skeptisme, Pengalaman Auditor Dan Self-Efficacy Terhadap Audit Judgement Dengan Time Pressure Sebagai Variabel Moderating Pada Badan Pemeriksa Keuangan (BPK) Provinsi Sumatera Utara

The financial report opinion with the title of Unqualified (WTP) Opinion from the Supreme Audit Agency (BPK) for the 2023 Regional Government Financial Report (LKPD) and is the 10th consecutive WTP Opinion obtained by the North Sumatra Provincial Government since 2015. The opinion results from BPK are interesting to study further because the North Sumatra Provincial Government received an Unqualified Opinion (WTP) but there is still a lot of corruption or fraud within the North Sumatra Provincial Government. This is a real phenomenon that occurs in the Government of North Sumatra Province. Providing an audit opinion on the Local Government Financial Statements is based on an audit judgment made by an auditor, with reference to the following aspects: (a) Conformity with Government Accounting Standards (SAP); (b) Effectiveness of Internal Control; (c) Compliance with statutory provisions; and (d) Full Disclosure. There are several factors that can affect audit judgment, namely pressure, auditor experience, professional skepticism and self-efficacy. The type of research that will be used to analyze this research is a quantitative type with an associative type of approach that analyzes data in the form of numbers and then discusses it through the calculation of the score or value of each variable, then proceeds with statistical analysis carried out with the help of the SEM PLS program to prove the influence between the observed variables. The sample in this study were 64 auditors at the Supreme Audit Agency (BPK) of North Sumatra Province. The data was processed using the SEM method with Smart PLS 3.0 software. The results of this study indicate that skepticism affects audit judgment, auditor experience affects audit judgment, self efficacy affects audit judgment, skepticism affects audit judgment moderated by time pressure, auditor experience affects audit judgment moderated by time pressure, audit judgment affects audit judgment moderated by time pressure.

Does experience matter? An examination of individual Auditor's experience on executive implicit corruption

Does experience matter? An examination of individual Auditor's experience on executive implicit corruption