The quality of audit services, part two

The quality of audit services, part two

The quality of audit services, part two

Audit institutions based on economic theories, following the maturity and evolution of the audit industry

They can find new ways to differentiate their services

One of them is creating expertise in auditing different industries.

Researchers’ studies show that large audit institutions are trying to increase their level of expertise.

It is expected that as the expertise of auditors increases, the quality of audit services offered will also increase.

Researches about the quality of audit services in the world, on two axes:

Factors affecting the demand for audits with better quality and drivers affecting the supply of audits with better quality.

These researches are more than two decades old.

But still, due to extensive and rapid changes in the business environment,

Management system and the quality of financial reporting, there are many hidden points about the various characteristics of audit quality that should be clarified (Meir and Riggs, 2007).

Audit services and the quality of their performance have increased in Iran, especially in recent years.

But there is a long way to reach the desired level.

And one of the reasons for this is that, unlike advanced countries, Iranian society is not aware and sensitive to financial information and its quality.

And the matter is dealt with according to the legal requirements.

In fact, it seems that in Iran, the economic role of auditing as the main driver of the demand for high quality auditing is less important. (Rathi, 2012)

Another reason is the economic structure.

Iran’s economy is predominantly state-owned.

And mainly its changes have been influenced by political factors and policies.

And from accounting and auditing services, it follows the issue from certain angles.

Also, its demand does not correspond to the needs of users in the non-governmental sector in its broad sense.

In addition to the aforementioned, the various tasks referred to the audit group lead to a decrease in quality.

Usually, in large audit institutions, specialized and independent groups are considered for each type of audit work.

Currently, Iran’s auditors are all competitors.

As a result, their expertise decreases and naturally the quality decreases.

The lack of effective and active professional communication with international communities is the next factor that prohibits the process of improving audit quality.

In other words, the connection of our country’s auditors with advanced international accounting and auditing authorities is very low.

Although the accounting and auditing standards used in the country are very close to the international standards.

But there is not enough familiarity with the experiences and techniques and applications of auditing in other countries.

And the efforts made to develop communication and experience exchange with other countries have been very limited.

Accountability is another important and effective factor on the quality of audit work.

If the auditor is held accountable, the quality of the auditor’s work will be greatly improved.

In our society, the auditor has never been asked for an account.

And as a result, the auditor did its traditional work with a relaxed mind, without worrying about being questioned.

During the last few years, when accountability has gradually been raised in the society of official accountants of Iran and the stock exchange,

Auditors have also thought about improving the quality of their work (Yaqub Nejad and Amiri, 2016).