Joint audit, audit market concentration, and audit quality: Perceptions of stakeholders in the UAE

Yasser Barghathi, Esinath Ndiweni, Alhashmi Aboubaker Lasyoud

Research output: Contribution to journalArticlepeer-review

Abstract

The present study is intended to scholarly explore auditors’ perceptions regarding joint audits; whether it can improve audit quality. To reach this goal, participants were enrolled from Big 4, non-Big 4, and other stockholders. In addition, the present study examines the perception of the same stakeholders in terms of how audit concentration affects the audit market in the UAE. Being a qualitative study, 12 semi-structured interviews were conducted to collect required data; 4 face to face and 8 through using Google forms. The finding of the study revealed mixed perception regarding joint audits; it may improve audit quality at the cost of high fees and free-rider problems. Findings of the study has practical implication for policymakers of emerging economies around the globe, such as policymakers who can make joint audits as compulsory. Another significance of the present work is that it has allowed for the perception of stakeholders, who are at the center of the controversial subject of joint audits and audit market concentration. The study suggests that there is a need for removing language barriers; it will benefit some firms in the form of directly communicating with auditors either in English or in Urdu.
Original languageEnglish
Pages (from-to)32-45
Number of pages14
JournalCorporate Ownership and Control
Volume17
Issue number2
DOIs
Publication statusPublished - 15 Jan 2020

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