Factors Associated with Audit Reports in Saudi Arabia

Factors Associated with Audit Reports in Saudi Arabia

Dr. Qasim Mohammad Zureigat

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Qassim University

Factors Associated with Audit Reports in Saudi Arabia

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Abstract

Considering audit reports as the results of any audit task and their importance in communicating an auditor’s opinion about the credibility of financial statements, this study aims to investigate the effect of firm-related factors and auditor-related factors on the kinds of audit reports in Saudi Arabia, which is considered one of the biggest markets in the MENA region. Data for 153 listed companies are employed in the analysis, collected as at the end of 2013. A multiple regression model is developed taking audit reports as the dependent variable. The results indicate that the auditor’s size, firm size, and leverage significantly affect audit reports, with large auditors tending to issue modified audit reports more than smaller auditors, and small companies and leveraged companies being more likely to receive modified audit reports. Neither profitability nor the age of the company (as a listed company) affects audit reports. These results are consisted with the literature and the nature of the Saudi stock market formally established in 2003.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Qasim Mohammad Zureigat. 2015. \u201cFactors Associated with Audit Reports in Saudi Arabia\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D5).

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GJMBR Volume 14 Issue D5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

audit report auditor size Listed Companies modified reports saudi

Submission ReceivedDecember 14, 2013
Peer Review Double Blind
Handling Editor
Accepted January 2, 2014
Published January 15, 2014

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v1.2

Issue date

February 3, 2015

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Article Matrices

Total Score: 126

Country: Saudi Arabia

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Dr. Qasim Mohammad Zureigat (PhD/Dr. count: 1)

View Count (all-time): 188

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Publish Date: 2015 02, Tue

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Total Views: 4490

Total Downloads: 2305

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