Location of Audit Task Impact on Audit Risk and Quality: Insight From Bank Loan Officers
DOI:
https://doi.org/10.33423/jabe.v24i2.5148Keywords:
business, economics, audit risk, audit quality, audit task, outsourcing, offshoringAbstract
Given globalization, increased competition, and technological advances, audit firms send audit procedures to other countries. This paper examines bank loan officers' perceptions of audit risk and quality when audit tasks are performed in locations other than that of the principal auditor. Our findings indicate that bank loan officers perceive an increase in audit risk as audit procedures move further away from the lead auditor. However, they do not believe that these procedures significantly affect audit quality. Managers and those charged with governance can benefit from these procedures without fearing that lenders will perceive their audited financial statements diminished in quality.
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Published
2022-04-27
How to Cite
Didia, L., Mayse, A. L., & Ofori-Mensah, K. H. (2022). Location of Audit Task Impact on Audit Risk and Quality: Insight From Bank Loan Officers. Journal of Applied Business and Economics, 24(2). https://doi.org/10.33423/jabe.v24i2.5148
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