Naslov
The Effectiveness of Audit Quality Control Mechanisms in Croatia

Autori
Sever Mališ, Sanja ; Brozović, Mateja

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of TAKE 2017 ‐ Theory and Applications in the Knowledge Economy Conference / Tomé, Eduardo ; Neumann, Gaby ; Knežević, Blaženka - Lisabon : Tomé, Eduardo, 2017, 78-92

Skup
TAKE 2017 ‐ Theory and Applications in the Knowledge Economy Conference

Mjesto i datum
Zagreb, Hrvatska, 12.07.2017. - 14.07.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
audit of financial statements, internal audit quality control system, audit committee, external audit public oversight, Croatia

Sažetak
In order to protect the public interest and ensure confidence in auditor's performance, it is essential to implement certain quality control mechanisms into the audit profession. Quality control procedures can be established by audit firms, entities that are the subject of audit and regulators. The purpose of this paper is to investigate the importance of different mechanisms of audit quality control from the standpoint of auditors and audit users. In order to explore how various participants in the audit process value different audit quality control mechanisms, a survey was conducted among three main groups of respondents: auditors, internal and external audit users. Research results suggest that the respondents perceive that all mechanisms of audit quality control have a positive influence on audit quality. When mutually comparing the average responsesfor individual control mechanisms, it can be concluded that the respondents equally value actively involved audit committees and external supervision, but they also assign greater importance to the internal quality control systems that are implemented at the level of audit firms. The results are expected, due to the fact that these systems act preventive at the source of potential problems.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA