المجلة الجزائرية للتنمية الإقتصادية
Volume 7, Numéro 2, Pages 397-414

The Effect Of The Regulation Of The Statutory Audit Profession On The Financial Audit Quality “a Field Study On A Sample Of Professionals And Academics”

Authors : Lakhdari Mohammed Tahar . Zouzi Mohammed .

Abstract

The study aimed to find out the effect of the regulation of the statutory audit profession on the financial audit quality in the Algerian business environment, by analysing the opinions of a sample consisting of (68) respondents, among practitioners of the statutory audit profession, and academic researchers specialized in accounting and auditing in each of the Wilayats of Ouargla and Ghardaia, after collecting data, they were analysed with the descriptive statistics, also the (Mann-Whitney U) test was used to detect expected differences between the opinions of the tow study samples. The study concluded that the regulation of the profession provides incentives that help improving quality if they are activated, but also includes deficiencies that may limit quality if they are not remedied. The results also indicated that there is consensus among professionals and academics regarding the effect of regulation on quality, with greater support from academics, reflecting the expectation gap between professionals and academics in terms of perceiving factors influencing financial audit quality.

Keywords

regulation of profession ; statutory audit ; quality of financial audit ; incentives ; deficiencies ; influencing factors