Effects of COVID-19 Pandemic on Independent Audit Activities: Examining the Opinions of the Independent Auditors

Yasemin Acar Ugurlu () and Ozkan Sarisoy ()
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Yasemin Acar Ugurlu: Istanbul Arel University, Faculty of Economics and Administrative Sciences, Accounting and Financial Management, Istanbul, Turkey
Ozkan Sarisoy: Tekirdağ Namık Kemal University, Muratlı Vocational School, Accounting and Tax Department, Tekirdağ, Turkey

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2021, vol. 0, issue 65, 39-58

Abstract: The independent audit is a professional service with a framework that is determined by specified standards. Auditing services hold an essential role in the economic system from past to present. The quality of independent audit activities is closely related to the work carried out during the audit process. The Covid-19 pandemic has negatively affected many sectors and compromised the global economy. It is certain that the negativities caused by the pandemic have also affected independent audit activities. In this research, independent auditors’ opinions were sought to examine the effects of the pandemic on independent audit activities. The opinions of 102 independent auditors were analyzed applying factor analysis and correlation analysis methods. According to the results, independent auditors confirmed that Covid-19 has negatively affected their audit activities. Participants also indicated that they experienced difficulties in obtaining sufficient and appropriate audit evidence due to the adverse effects of the pandemic.

Keywords: Independent Audit; Covid-19 Pandemic; Independent Audit in Unusual Situations (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2021:i:65:p:39-58

DOI: 10.26650/MED.838559

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