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Non-audit services and auditor independence: empirical findings from Bahrain

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Author Info

  • Prem Lal Joshi
  • Wayne G. Bremser
  • J. Hemalatha
  • Jawaher Al-Mudhaki
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    Abstract

    We report on a questionnaire survey of audit firms and listed companies in the Kingdom of Bahrain to investigate the perceptions on the issue of auditors' independence with regard to rendering non-audit services (NAS). Our survey results of auditors and client executives support the proposition that independence is impaired if the auditor also renders non-audit services. However, most respondents from both groups indicated that NAS provided by company auditors affects the auditor independence to a limited extent only, and opine that such services should not be prohibited. Most listed companies obtain NAS from their company auditors, but the NAS fee ratio to audit fees is not high. Auditors and listed companies perceive that independence is not at all compromised or tends to be compromised to a limited extent for 15 types of NAS. The perceptions differed based on the size, non-audit fees and foreign operations for some of the NAS.

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    Bibliographic Info

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Accounting, Auditing and Performance Evaluation.

    Volume (Year): 4 (2007)
    Issue (Month): 1 ()
    Pages: 57-89

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    Handle: RePEc:ids:ijaape:v:4:y:2007:i:1:p:57-89

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    Web page: http://www.inderscience.com/browse/index.php?journalID=41

    Related research

    Keywords: auditor independence; Bahrain; non-audit services; regulation; rotation.;

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    Cited by:
    1. Jasim Al-Ajmi & Shahrokh Saudagaran, 2011. "Perceptions of auditors and financial-statement users regarding auditor independence in Bahrain," Managerial Auditing Journal, Emerald Group Publishing, vol. 26(2), pages 130-160, January.

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