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The Impact Of Fair Value On Audit Quality: Evidence From Tunisia

Author

Listed:
  • Salem Lotfi Boumediene
  • Emna Boumediene
  • Ikram Amara

Abstract

This study collects the views of Tunisian external auditors about the impact of audit challenges related to fair value on audit quality and the role of the International Standards on Auditing (ISA) 540 in mitigating these challenges. Based on responses from 52 Auditors to our questionnaire, we found out that the fair value is perceived as engendering technical difficulties for auditors. However, these challenges at fair value have no negative impact on audit quality. On the other hand, 78.8% of our respondents believe that the International Standards on Auditing 540 plays a significant role in mitigating the audit challenges related to fair value. Thus our study shows that in the eyes of Tunisian external auditors, benefits of fair value outweigh its disadvantages and the International Standards on Auditing 540 provide auditors by all the necessary tools to deal with audit challenges related to fair value estimates

Suggested Citation

  • Salem Lotfi Boumediene & Emna Boumediene & Ikram Amara, 2017. "The Impact Of Fair Value On Audit Quality: Evidence From Tunisia," Accounting & Taxation, The Institute for Business and Finance Research, vol. 9(1), pages 29-38.
    • Handle: RePEc:ibf:acttax:v:9:y:2017:i:1:p:29-38
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    Citations

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    Cited by:

    1. Ahmad Adel Jamil Abdallah & Musab Shareef Salameh, 2019. "Auditng Uncertainty Of The Accounting Estimates In Fair Value Accordance With The Procedures Of The International Standards On Auditng No.540 Filed Study On The Audit Offices Operating In Jordan," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 16(1), pages 42-52.

    More about this item

    Keywords

    Audit Quality; Fair Value; International Standards on Auditing; Logistic Regression;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

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