10 papers analyzed
These studies suggest that stricter auditing standards and auditor independence generally improve audit quality, though they may also restrict professional judgment and lead to a compliance mentality.
The relationship between auditing standards and the quality of auditors' performance is a critical area of research in the field of accounting and auditing. This synthesis aims to present key insights from multiple research papers on how auditing standards influence auditor behavior, performance, and overall audit quality.
Impact of Auditing Standards on Audit Quality:
Auditor Skill and Performance:
Role of Auditor Independence:
Quality Assurance and Internal Auditing:
Auditor Specialization and Forecast Accuracy:
The research collectively indicates that auditing standards play a pivotal role in enhancing audit quality by defining audit processes, promoting consistency, and influencing auditor behavior. However, the effectiveness of these standards is also dependent on the auditors' skill levels and independence. Internal auditing standards and quality assurance frameworks further contribute to the overall effectiveness of audit systems. High-quality audits are associated with better financial reporting and forecast accuracy, particularly when conducted by specialized auditors.
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