Compliance of auditing ethical principles and code of conduct for professional auditors and its impact on audit quality. A case study on selected mmdas in ashanti region
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Date
2023
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KNUST
Abstract
The study examines the compliance of Auditing Ethical Principles and Code of Conduct for Professional Auditors and its Impact on Audit Quality. A case study on selected MMDAs in Ashanti Region. The research objectives include: examining the relationship between auditing ethical principles and the audit quality and ascertaining the impact on audit quality of compliance to the audit code of ethics. The study employs the agency theory. A sample size of 154 respondents would be chosen to represent 43 MMDAs in the Ashanti Region out of the 322 study participants from those 43 MMDAs. This suggests that three respondents would be chosen from each of the 24 Districts, while four respondents would be chosen from each of the 18 Municipalities and the one Metropolitan Assembly MMDA. The findings of the study revealed that auditing ethical principles have an influence on audit quality. Thus, when auditors are more ethical, they are able to produce a good auditing report. The study's findings revealed a relationship between audit quality and adherence to the audit code of ethics. The study's conclusions also showed a strong correlation between audit quality and adherence to the audit code of ethics. The conclusion that can be drawn from the findings is that auditors continue to feel a feeling of duty. To promote commitment and deepen ethical and religious behavior, universities, community colleges, and schools should include topics related to teaching the international standards of auditing in general and the professional conduct of an auditing career in particular in their curricula and courses. For auditors to consistently produce high-quality audit reports, there should be scheduled, routine training on developing ethical behavior. By implementing policies and processes to support their internal culture based on competence or quality standards, accounting firms and auditors should raise knowledge of the value of professional skepticism.
Description
A Thesis submitted to the Department of Accounting and Finance, College of Humanities and Social Sciences, in Partial Fulfilment of the Requirements for the degree of master of science in accounting and finance