Why is it Interesting to Study the Duration of the Relationship (Review of the Auditor and the Subject) Auditor: Audited Entity?

Abstract

The integrity and impartiality of the reports issued by the external auditors makes the main attention to focus on their role, because they are the persons responsible for discovering the presence of errors or frauds in the financial reports of the audited entity. We are talking about the external auditors, who are the independent professionals who must give their opinion through a report on the truthfulness, sincerity and honesty of the picture presented by the audited entity's financial statements. In relation to the role they have in the fight against corruption, the scientific research method used in this study is through questionnaires as a tool for collecting data and closely touching the awareness of the main actors on their integrity. These interviews were conducted with a sampling that represents the auditors. A total of 9 questions were conducted in order to strengthen and validate the results for our research question. The results of this study suggest that auditors' awareness of the role and importance of their integrity is key to the audit process, but there are some risks that may harm the quality of the audit and the auditor's independence, or the risk of developing complacency. The quality of the audit is positively related to the integrity of the financial reports of the audited entities and negatively related to the risk of "falling prey" of the auditors themselves. The increase in the quality of information reduces the asymmetry affecting the detection and avoidance of errors and consequently affects the increase in the quality of the audit, (F. Hakim, Omri & I. Hakim, 2010, p. 152). Audit quality is related to the ability of auditors to identify material anomalies in financial statements as well as their willingness to issue an unbiased and appropriate audit report (Turley & Willekens, 2008, p. 3).

Received: 14 September 2023 / Accepted: 27 October 2023 / Published: 23 November 2023