The antecedents of COVID-19 contagion on quality of audit evidence in Egypt

Document Type

Article

Source of Publication

Journal of Accounting in Emerging Economies

Publication Date

1-1-2023

Abstract

Purpose: This study assesses the perception of academics and practitioners of ramifications that may have impacted audit evidence quality during COVID-19 in Egypt. Design/methodology/approach: A questionnaire was collected and designed regarding the factors affecting the quality of audit evidence during the COVID-19 pandemic using a five-point Likert scale, and detailed descriptive statistics and regression analyses were conducted. Findings: The study finds that there is no significant association between social distancing (SD), changing in the economic environment (CEE), time constraint (TC) and stress on audit personnel (SAP) as repercussions of the COVID-19 pandemic with the quality of audit evidence (QAE). The disruption in operational results (DOR), changes in the internal control (CIC) and the stress on client personnel (SCP) significantly affect the quality of audit evidence. Moreover, there is a significant difference between Big and non-Big Four audit firms in terms of changes in economic conditions, internal controls, disruption of operational results and time-constraint variables. The latter has significantly affected the audit evidence quality for both academics and professionals. Practical implications: Due to the implementation of SD and work-from-home policies, audit firms are highly recommended to invest more in digital programs and to be more adaptable to work-from-home, which policy and enhances the effectiveness and flexibility of communication between auditors and their clients. Originality/value: This paper is one of the foremost papers that provides empirical evidence for the antecedents or variables that may affect audit quality evidence due to the COVID-19 pandemic.

ISSN

2042-1168

Publisher

Emerald

Disciplines

Business

Keywords

Academics, Audit evidence quality, Big and non-Big Four, COVID-19, MENA region, Professionals

Scopus ID

85167363078

Indexed in Scopus

yes

Open Access

no

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