 High-quality auditors vs. high-quality audit: the reality in OmanSaeed Rabea Baatwah, Zalailah Salleh and Norsiah Ahmad Afro-Asian Journal of Finance and Accounting, 2018, vol. 8, issue 3, 209-236 Abstract: The objective of this study is to explore the unique setting of Oman with respect to audit quality. This study measures the quality of audit by examining whether big-4 audit firms and industry specialist auditors have a role in improving the quality of the audit. We use data from the companies listed on the Oman capital market between 2006-2013. Using a panel data approach and two measures of audit quality for the purpose of this study, we find that the audit quality of big-4 audit firms and industry specialist auditors is low because they do not enhance the quality of discretionary accruals and do not have a propensity to issue going-concern audit opinion. We also document that big-4 audit firms and industry specialist auditors consider that religion and risk factors provide the means for achieving high-quality audit. This paper is different from prior studies because it is the first to comprehensively examine audit quality in a unique setting - the Gulf Cooperation Council (GCC). Furthermore, it extends our understanding of the role of religiosity in audit quality. Keywords: audit quality; earnings management; going-concern opinion; big-4 audit firms; industry specialist auditors; Oman. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:afasfa:v:8:y:2018:i:3:p:209-236 Access Statistics for this article More articles in Afro-Asian Journal of Finance and Accounting from Inderscience Enterprises Ltd |
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