Challenges in Global Group Audits: Evidence from Component Audit Leaders
通过对86位分部审计负责人的问卷调查，发现集团审计师在人员配置、计划和实地工作阶段参与不足，以及监管和文化障碍、费用不足等问题，但协作能提升审计质量。
SYNOPSIS Regulators and standard setters have expressed concerns about global group audit (GGA) quality, as deficiencies in group audits account for a significant proportion of all audit deficiencies worldwide. To explore how both the group and component auditor processes and behaviors impact the quality of component audits, we conduct an experiential questionnaire with 86 experienced component audit (CA) leaders. The qualitative responses confirm regulators’ concerns about insufficient involvement of group auditors in the component audit. Specifically, CA leaders experience a lack of group auditor involvement in the staffing, planning, and fieldwork phases of the component audit as well as insufficient review of component auditor work. Regulatory and cultural barriers, along with insufficient fees, pose further challenges for CA teams. However, CA leaders also report positive experiences, perceived to improve audit quality, when group auditors work collaboratively with the CA team during planning and fieldwork. Data availability: The data are not publicly available. The authors signed a nondisclosure agreement with the Foundation of Audit Research (FAR), and participants were informed that the data were only available to the FAR and the researchers. JEL Classifications: M42.