ISSN: 2222-6990
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Audit quality plays a major role in safeguarding public trust and building investor confidence in trustworthy company reporting. The differences between national environments have a significant impact on audit quality. Therefore, auditors must be aware of the factors that affect them while performing transnational audits to maintain high-quality auditing. This paper ascertains the national environment affecting the political, economic, and business environments, the legal framework, and culture in developing a quality audit. In producing a quality audit, professional skepticism is an essential component. The auditor examines the reliability of the audit evidence acquired as well as management’s judgements on accounting estimates and treatments. With this understanding, the recommendations are proposed to improve the audit quality. Additionally, this paper provides ideas and areas for improvement for related parties in enhancing their understanding and sharing practical experience and knowledge with audit firms. This study contributes ideas for auditors and regulators to be aware of the national environmental factors that will impact audit quality to ensure that audits are conducted with the highest level of quality and integrity in the future.
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In-Text Citation: (Yusoff et al., 2023)
To Cite this Article: Yusoff, Y. H., Khoiri, A. A., Suhaimi, I. Z., Noor, N. A. M., Anuar, S. A., & Sulaiman, S. (2023). Transnational Audit: The Differences of National Environments Have Challenged the Auditors in Providing Quality Auditing. International Journal of Academic Research in Business and Social Sciences, 13(5), 2497 – 2507.
Copyright: © 2023 The Author(s)
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