The quality of accounting audit, the factors determining the perception of the Registered Accountants Experts

• Author: Elsa Tanushi
• Position: Unviversity of Tirana
• Pages: 102-110

Vol. 3 No. 1

January, 2019

European Journal of Economics, Law and Social Sciences

IIPCCL Publishing, Graz-Austria

ISSN 2519-1284

Acces online at www.iipccl.org

102

The quality of accounting audit, the factors determining the perception of the

Registered Accountants Experts

Elsa Tanushi

Unviversity of Tirana

Abstract

The purpose of this study is to provide knowledge on factors that are perceived as infl uencing

the quality of audit in Albania. The study focuses on the point of view of individual active

auditors, those auditors who exercise their profession, according to data from the Register of

Registered Accountants Experts. This group has been selected to be surveyed by considering

its professionals as a party in the audit market that possesses the information and technical

knowledge appropriate for the proper assessment of the determining factors of the audit quality.

This research is based on an interpretive research approach using research methods such as

document analysis and questionnaires. The analysis method used for the obtained responses

from auditors is statistical analysis, through descriptive analysis, correlation analysis and

regression analysis. The survey confi rms the raised hypothesis, on the primary importance of

input factors in building the perception of the quality of the audit. In general, the fi ndings of

the survey can be considered important for the stakeholders for audit engagements and for

academic researchers that wants to develop a deeper understanding of this contribution.

Keywords: quality of audit, infl uencing factor, perception, social and cultural context.

Introduction

Choosing to handle a topic in the fi eld of external audit comes from the belief that

the profession of auditor plays a crucial role in the dynamics of fi nancial markets. In

particular, it is emphasized the importance of providing an audit opinion with a high

level of quality, which as a result provides the interested parties with more reliable

information. There are di erent actors involved in the audit process, auditors, audit

commi ee members, audited company management, investors and regulators.

Each of these groups may a ect the auditor's decisions, and each of them may have

di erent opinions on what constitutes a qualitative audit. My contribution to the

relevant literature in Albania is the analysis of the perceived factors as the most

important for the quality of the audit, from the point of view of active accountants.

2. Purpose of the study

This study is intented to determine the factors that most a ect the quality of the audit.

The concept of audit quality has been widely reviewed in international literature,

especially by looking at the links between the auditor's quality factors (such as the

size of the audit fi rm or specialization in the industry) and fi nancial reporting quality

indicators (such as modifi ed audit reports , quality of reported income, Francis JR,

2004; Watkins AL et al, 2004). In these studies, the concept of audit quality is defi ned

by reference to specifi c characteristics or decisions (Humphrey C. et al., 2007) and the