THE IMPACT OF FAIR VALUE ON AUDIT QUALITY: EVIDENCE FROM TUNISIA

Salem Lotfi Boumediene, Emna Boumediene and Ikram Amara

Accounting & Taxation, 2017, vol. 9, issue 1, 29-38

Abstract: This study collects the views of Tunisian external auditors about the impact of audit challenges related to fair value on audit quality and the role of the International Standards on Auditing (ISA) 540 in mitigating these challenges. Based on responses from 52 Auditors to our questionnaire, we found out that the fair value is perceived as engendering technical difficulties for auditors. However, these challenges at fair value have no negative impact on audit quality. On the other hand, 78.8% of our respondents believe that the International Standards on Auditing 540 plays a significant role in mitigating the audit challenges related to fair value. Thus our study shows that in the eyes of Tunisian external auditors, benefits of fair value outweigh its disadvantages and the International Standards on Auditing 540 provide auditors by all the necessary tools to deal with audit challenges related to fair value estimates

Keywords: Audit Quality; Fair Value; International Standards on Auditing; Logistic Regression (search for similar items in EconPapers)
JEL-codes: C12 C25 M41 M42 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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