Audit Quality Indicators in the Netherlands: Perspectives from Audit Personnel
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2023-07-10
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en
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This study researches the perspectives of audit personnel on the perceived effectiveness of audit quality indicators (AQI’s) in the Netherlands and their effect on audit quality. In a two-part study, I first investigate the effectiveness of the first ten proposed audit quality indicators. Through a review of the comment letters by Big Four firms, I conclude that most of the Big Four firms approve the idea of introducing AQI’s and improving transparency and audit quality. However, the firms fail to see the effectiveness of most AQI’s, deeming only one AQI as sufficiently related with audit quality. Other AQI’s do not reflect audit quality or require significant adjustments. In the second part, I survey Big Four audit professionals on the perceived effectiveness of two changed AQI’s: Culture and Client Satisfaction, and one newly introduced AQI: Training Hours ESG Topics. I find that all three AQI’s are considered effective drivers or indicators of audit quality by audit personnel.
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Faculteit der Managementwetenschappen