Jul 2026· JOURNAL OF BUSINESS AND AFRICAN ECONOMY· 0 citations
TL;DR
It is concluded that effective auditing and assurance services are indispensable for improving financial reporting quality, strengthening corporate governance, promoting accountability, and enhancing stakeholder confidence.
Abstract
Accounting and auditing have evolved into two mutually reinforcing disciplines that underpin
corporate reporting, accountability, and stakeholder confidence. Accounting provides the
systematic process of identifying, measuring, recording, classifying, summarizing and
communicating financial information, whereas auditing and assurance services enhance the
credibility and reliability of that information through independent verification. In recent years, the
scope of assurance services has expanded beyond traditional financial statement audits to include
sustainability reporting, environmental, social and governance (ESG) disclosures, integrated
reporting, cybersecurity, artificial intelligence (AI) governance, and other forms of non-financial
reporting. This expansion reflects increasing stakeholder demand for credible, transparent, and
decision-useful information within an increasingly digital and complex business environment. The
study employed the survey design. The sample size was 237 out of a population of 840 based on
purposive sampling technique. assessing the effects of financial statement auditing, internal
control assurance, audit quality, and assurance services on accounting information. The findings
revealed that all four dimensions have significant positive effects on the quality, credibility,
reliability, and decision usefulness of accounting information. The results further confirm that
accounting and auditing are complementary disciplines, with auditing and assurance services
enhancing the integrity and trustworthiness of accounting information through independent
verification and validation. The study concludes that effective auditing and assurance services are
indispensable for improving financial reporting quality, strengthening corporate governance,
promoting accountability, and enhancing stakeholder confidence. As the business environment
becomes increasingly complex and technology-driven, organizations must continue to integrate
robust auditing and assurance practices into their accounting systems to ensure transparent,
reliable, and decision-useful financial information
This study aims to demonstrate the impact of implementing continuous auditing on the key qualitative characteristics of financial information, and the resulting increase in confidence regarding business reporting information, achieved by shifting from traditional financial statement auditing to continuous auditing.
A number of findings were reached, most notably that continuous auditing plays a role in supporting and achieving the quality of "relevance" in electronically published financial reports. It does so by facilitating timely access to information and providing users with significant predictive value at the appropriate time. Furthermore, continuous auditing contributes to enhancing the reliability and credibility of these reports by fostering confidence in the real-time corporate disclosures made via the Internet, and ensuring the production of accurate, reliable, and trustworthy financial information. Accordingly, the study concluded with a set of recommendations, most notably: the need for public and private entities that publish their financial statements electronically to adopt a continuous auditing approach as the basis for auditing those statements; the necessity of mandating that audit firms and offices conduct continuous audits; and the need to qualify auditors for these tasks by organizing—and requiring attendance at—training courses to keep pace with significant technological developments in the modern business environment.
Rafiq Abdul-Razzaq Muhammad Al-Quraishi· International Journal of Adv...· 0 citations
Audit failures, regulatory gaps, and the erosion of public trust in financial reporting have
raised global concerns about the effectiveness of audit oversight. This study investigates the
effect of audit regulatory frameworks on corporate reporting quality, using Nigeria as a
contextual anchor among emerging markets. It draws on global standards, theoretical models,
and empirical findings to explore the conceptual foundations, international perspectives,
practical challenges, and policy implications of audit regulation in enhancing auditor
independence, professional competence, and financial statement credibility. The findings
reveal that while regulatory frameworks have improved audit transparency and internal
governance in several economies, their effectiveness remains limited in regulatory authorities
with weak enforcement capacity. The study concludes that audit regulation must be globally
benchmarked yet locally responsive, emphasizing risk-based supervision, auditor competence,
and proactive oversight. It recommends empowering national regulatory institutions such as
the Financial Reporting Council of Nigeria (FRCN), adopting AI-enabled audit systems,
mandating firm rotation, and enforcing sanctions for non-compliance. These measures are
essential for strengthening audit reliability, improving disclosure quality, and rebuilding
stakeholder trust across diverse economic settings
Patrick Edet Akinninyi (PhD)· Journal of Accounting and Fi...· 1 citation
Audit quality remains difficult for investors, audit committees, and other external stakeholders to define and evaluate because standardized, publicly available measures are limited. This article examines perceptions of audit quality through semi-structured interviews with three experienced participants in the financial reporting ecosystem: an audit committee member, a multinational corporation financial statement preparer, and a wealth management partner representing an investor perspective. The interviews indicate that audit quality is influenced not only by firm resources and regulatory oversight, but also by engagement-team continuity, partner expertise and judgment, audit committee diligence, and the ability to focus on areas of meaningful risk. Participants also identified concerns regarding personnel turnover, increasingly prescriptive audit procedures, the expectation gap, and the growing use of artificial intelligence in auditing. The article recommends expanding opportunities for junior auditors to address complex technical matters and reconsidering the nature of audit-quality disclosures. In particular, disclosures concerning how artificial intelligence is used, the audit tasks it performs, its effect on testing scope, and resulting efficiencies may provide stakeholders with more useful information for evaluating audit quality
Tripp Petzel, Albert L. Nagy· CPA Publisher· 0 citations
Audit quality has traditionally been examined through quantitative indicators such as earnings management, financial reporting quality, and firm value. However, limited research has explored how key governance actors interpret audit quality and how it contributes to company value during periods of profitability volatility. This study investigates how audit quality is perceived and operationalized by auditors, financial experts, and corporate executives, drawing on Social Capital Theory and Habermas’ theory of communicative action. An interpretive qualitative design was adopted. Semi-structured interviews were conducted with six purposively selected participants comprising external auditors, senior financial experts, and chief financial officers from publicly listed companies in Indonesia. Interview data were analyzed using reflexive thematic analysis supported by NVivo 14, generating 47 initial codes, 12 analytical categories, and three overarching themes. The findings demonstrate that audit quality extends beyond technical assurance and functions as a multidimensional governance capability. First, audit quality operates as a protective governance mechanism by improving financial reporting reliability, facilitating early risk identification, and supporting evidence-based managerial decision-making. Second, it serves as symbolic and relational capital, strengthening stakeholder trust, governance legitimacy, and company value through greater transparency and credibility. Third, participants emphasized the need for adaptive and communicative audit practices, highlighting continuous auditor management communication, strategic advisory roles, and technology-enabled auditing as essential for maintaining organizational resilience during profitability volatility. This study contributes to the audit quality literature by providing qualitative evidence that complements predominantly quantitative research. The findings extend existing theory by integrating Social Capital Theory and Communicative Action Theory, demonstrating that audit quality creates organizational value not only through technical compliance but also through trust, legitimacy, and transparent communication. Practically, the study suggests that organizations should strengthen adaptive auditing, collaborative governance, and technology-supported assurance to enhance stakeholder confidence and sustain company value during financial uncertainty.
Leonard Pangaribuan, Tubagus Ismail, Muhamad Taqi et al.· F1000Research· 0 citations
Auditor independence is a fundamental pillar of corporate governance that safeguards the quality of financial reporting and mitigates the risk of reporting manipulation. This study aims to map the latest empirical evidence on the influence of auditor independence on corporate accounting behavior. Adopting a Systematic Literature Review approach guided by the PRISMA reporting framework, this study thoroughly examines 30 reputable scientific articles indexed in the Scopus database, published within the last five years (2021–2026). The search strategy employed the keywords 'auditor independence', 'accounting behavior', 'earnings management', and 'reporting quality' combined with Boolean operators. The main findings indicate that the relationship between auditor independence and accounting behavior is complex; independence does not exert a single linear effect but is strongly shaped by critical mediating and moderating variables, including audit tenure, audit fees, client pressure, firm ethical culture, and auditor gender diversity. This synthesis reveals patterns of consensus and theoretical debate regarding the effectiveness of oversight mechanisms. The article contributes theoretically by enriching the discourse on audit ethics and offers practical guidance for regulators in formulating more adaptive supervisory policies, as well as serving as a strategic reference for auditors seeking to enhance professionalism and objectivity amid the complexities of modern business.
Wan Fachruddin, Haflah Furqan· Journal of Creative Power a...· 0 citations
The rapid digitalization of global business operations and escalating cyber risks have redefined assurance and accountability in multinational firms. This study examines how cyber-auditing and Conceptual Foundation of Digital Assurance reshape auditors' roles in mitigating digital risks and enhancing transparency across complex cross-jurisdictional environments. Employing a Systematic Literature Review (SLR) integrated with the Manual Data Analysis Procedure (MDAP), the study synthesizes evidence from forty Scopus Q1 journal articles published between 2022 and 2025 using open, axial, and selective coding. The findings demonstrate that cyber-auditing functions as a continuous, technology-enabled risk mitigation mechanism by integrating automation, data analytics, and artificial intelligence into audit practices. Conceptual Foundation of Digital Assurance further strengthens the credibility of ESG and sustainability reporting by reinforcing transparency and reducing greenwashing. Nevertheless, audit effectiveness remains contingent upon auditor competence, technological literacy, and institutional coordination across jurisdictions. The study proposes the Conceptual Foundation of Digital Assurance Governance Model (DAGM), explaining how digital audit technologies and institutional governance collectively strengthen accountability, transparency, and trust in the digital economy.
Idham Idham, Chusnul Rofiah· EKUITAS (Jurnal Ekonomi dan...· 0 citations
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