IDEAS home Printed from https://ideas.repec.org/a/ids/ajaafi/v1y2012i1p3-24.html
   My bibliography  Save this article

The challenges of the quality of audit evidence in Libya

Author

Listed:
  • Mohamed Zakari
  • Karim Menacere

Abstract

This paper attempts to investigate the quality of audit evidence obtained by auditors in the Libyan context. In particular, this study explores the effects of the professional and academic qualifications of the auditor, consistency of evidence, and amount of evidence on the evidence. A questionnaire was used to collect data regarding the perceptions of the external, internal, state and taxation auditors on the effect of the three selected factors on evidence. To confirm and support the questionnaire findings semi-structured interviews were conducted with four target groups. The results of the study indicate that professional and academic qualifications of the auditor, consistency of evidence, and amount of evidence all have a direct bearing on quality of evidence.

Suggested Citation

  • Mohamed Zakari & Karim Menacere, 2012. "The challenges of the quality of audit evidence in Libya," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 1(1), pages 3-24.
    • Handle: RePEc:ids:ajaafi:v:1:y:2012:i:1:p:3-24
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=46124
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nassr Ahmad & Simon Gao, 2004. "Changes, problems and challenges of accounting education in Libya," Accounting Education, Taylor & Francis Journals, vol. 13(3), pages 365-390.
    2. Marc Sim, 2010. "National culture effects on groups evaluating internal control," Managerial Auditing Journal, Emerald Group Publishing, vol. 25(1), pages 53-78, February.
    3. Ana MORARIU & Tanti CERCEL & Gabriela Felicia CIOCODEI & Flavia STOIAN & Horatiu ROTARU, 2008. "Audit evidence – top argument for final audit opinion," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 501-507, may.
    4. Ramadhan, Sayel, 2009. "Budgetary accounting and reporting practices in Bahraini governmental units: An empirical study," International Business Review, Elsevier, vol. 18(2), pages 168-183, April.
    5. Azham Md. Ali & Mohamad Hisyam Selamat & Juergen Dieter Gloeck & Lee Teck Heang, 2010. "Internal audit in the state and local governments of Malaysia: problems and solutions," International Journal of Accounting and Finance, Inderscience Enterprises Ltd, vol. 2(2), pages 192-219.
    6. Prem Lal Joshi & Ashutosh Deshmukh, 2009. "An empirical analysis of auditors' evidence gathering techniques in Bahrain," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 1(4), pages 333-352.
    7. Ohta, Yasuhiro, 2009. "The role of audit evidence in a strategic audit," Journal of Accounting and Public Policy, Elsevier, vol. 28(1), pages 58-67.
    8. Ioan Oprean & Georgeta Ancuţa Şpan, 2009. "Ways Of Strenghtening The Statutory Audit Efficiency," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-25.
    9. Conor O'Leary & Errol Iselin & Divesh Sharma, 2006. "Audit firm manuals and audit experts' approaches to internal control evaluation," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 3(1), pages 20-40.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yasser Barghathi & David Collison & Louise Crawford, 2018. "Earnings management and audit quality: stakeholders’ perceptions," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(3), pages 629-659, September.
    2. Masoud, Najeb, 2017. "An empirical study of audit expectation-performance gap: The case of Libya," Research in International Business and Finance, Elsevier, vol. 41(C), pages 1-15.
    3. S.C. Okaro & G.O. Okafor & I.O. Nwanna & I.M. Igbinovia, 2017. "Empowering the Internal Audit Function for Effective Role in Risk Management: A Study of Micro Finance Banks in Anambra State, South East, Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(3), pages 14-23, July.
    4. Saddam A. Hazaea & Ebrahim Mohammed Al-Matari & Saleh F. A. Khatib & Khaldoon Albitar & Jinyu Zhu, 2023. "Internal Auditing in the Arab World: A Systematic Literature Review and Directions for Future Research," SAGE Open, , vol. 13(4), pages 21582440231, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hosam Alden Riyadh & Maher A. Al-Shmam & Henry Hongren Huang & Barbara Gunawan & Salsabila Aisyah Alfaiza, 2020. "The Analysis of Green Accounting Cost Impact on Corporations Financial Performance," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 421-426.
    2. Iacob, Constanta & Karim, Abdelali Abdel, 2013. "Ce vrem să fie costul ? [What we want to be the cost?]," MPRA Paper 48606, University Library of Munich, Germany, revised 25 Jul 2013.
    3. Carmen B. Ríos-Figueroa & Rogelio J. Cardona, 2013. "Does Experience Affect Auditors’ Professional Judgment? Evidence From Puerto Rico," Accounting & Taxation, The Institute for Business and Finance Research, vol. 5(2), pages 13-32.
    4. Golyagina, Alena, 2020. "Competing logics in university accounting education in post-revolutionary Russia," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 69(C).
    5. Satoshi Sugahara & Rachel Wilson, 2013. "Discourse Surrounding the International Education Standards for Professional Accountants (IES): A Content Analysis Approach," Accounting Education, Taylor & Francis Journals, vol. 22(3), pages 213-232, June.
    6. Sidorova, Marina & Nazarov, Dmitry & Listopad, Ekaterina, 2022. "The impact of ideology on the institutionalization of correspondence accounting education in Soviet Russia (1929–1939)," Journal of Accounting Education, Elsevier, vol. 58(C).
    7. Yasser Barghathi & David Collison & Louise Crawford, 2018. "Earnings management and audit quality: stakeholders’ perceptions," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(3), pages 629-659, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ajaafi:v:1:y:2012:i:1:p:3-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=383 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.