A DESCRIPTIVE REVIEW ON THE FACTORS IMPACTING THE INDEPENDENT AUDIT QUALITY

Abstract

The importance of independent audit has recently been gradually increasing in Turkey and throughout the world, and new arrangements in this area have been done. The independent, impartial, and accurate presentation of accounting information can only be realized by independent audit. Practicing independent audit at the desired level of quality brings up the notion of independent audit quality. Recently, the concept of independent audit quality increasingly draws attention of the audit professionals as well as the academic environments. The objective of the current study is to review the studies that examine the factors impacting the independent audit quality. This review study locates and collects all of the empirical studies in the related field and provides a descriptive review. At the outset, the notions of independent audit and independent audit quality have been defined and a conceptual framework have been created. Subsequently, the factors impacting the independent audit quality have been defined. Finally, in the section devoted to the research methodology, empirical studies examining the factors impacting the independent audit quality have been categorized and subjected to a content analysis. Based on this content analysis, the current study identified five factors having an influence on independent audit quality.