EconPapers    
Economics at your fingertips  
 

The influence of the COVID-19 pandemic on audit fees and audit report timeliness of listed firms in Ghana

Alhassan Musah, Bismark Okyere and Isaac Osei-Bonsu

Cogent Business & Management, 2023, vol. 10, issue 2, 2217571

Abstract: The objective of the study is to examine the effect of the COVID-19 pandemic on audit fees and delays in the release of audit reports among the publicly listed entities in Ghana. The study sampled 35 listed firms over 5 years from 2017 to 2021 by extracting data from the annual report of the firms. The study relied on a panel regression model to estimate the extent to which COVID-19 predicts changes in audit fees and audit report timeliness among listed firms in Ghana. The analysis of the results revealed a positive coefficient between COVID-19 pandemic and audit fees and the positive coefficient was also statistically significant. The study also found a positive and statistically significant association between the COVID-19 pandemic and audit report timeliness which suggest that the pandemic resulted in the delay in the release of audit report among listed entities in Ghana. The combined effect of the two key findings is that the COVID-19 pandemic had a significant influence on audit quality among listed firms in Ghana. The result has significant policy implications especially from the perspective of the Institute of Chartered Accountants Ghana in terms of drawing auditors’ attention to the increased audit risk brought about as a result of the COVID-19 pandemic and the need to compensate for that with the high-quality audit.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/23311975.2023.2217571 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oabmxx:v:10:y:2023:i:2:p:2217571

Ordering information: This journal article can be ordered from
http://cogentoa.tandfonline.com/journal/OABM20

DOI: 10.1080/23311975.2023.2217571

Access Statistics for this article

Cogent Business & Management is currently edited by Len Tiu Wright and Tahir Nisar

More articles in Cogent Business & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:oabmxx:v:10:y:2023:i:2:p:2217571