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Document Type |
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Article In Journal |
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Document Title |
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Value-Added Auditing and its Supply and Demand Obstacles in the Kingdom of Saudi Arabia: القيمة المضافة لمراجعة الحسابات ومعوقات تقديمها والطلب عليها في المملكة العربية السعودية: دراسة ميدانية |
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Subject |
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Accounting |
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Document Language |
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Arabic |
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Abstract |
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This research aims at exploring the concept of value-added auditing in its forth generation, as well as uncovering its supply and demand obstacles in the Kingdom of Saudi Arabia. The significance of this research comes from the importance of providing studies that contributes to the establishment of a clear conception of the concepts, objectives and practicing methodologies of the modern auditing approaches, together with clarifying their supply and demand obstacles in Saudi Arabia, especially in the absence of the required number of such studies within the auditing literature. To achieve that, a positive methodological approach has been implemented. This approach is based on exploring, explaining, and predicting certain phenomenon through reviewing previous literature as well as understanding the current status in order to reach a number of definitions and to identify all sorts of factors related to this phenomenon. Based on ideas drawn from such a methodological approach, the research hypotheses, upon which the empirical research provided by this paper is based, have been identified. These have been examined using questionnaires through which a number of factors for each hypothesis have been used. Selecting and determining these factors were facilitated by issues taken from previous literature that dealt with changes in auditing approaches and methodologies and factors that govern its supply and demand. The results of the empirical study indicate the truthfulness of the research hypothesis, as it assures the existence of a modern concept of auditing which requires undertaking unconventional auditing procedures that aim at providing additional services to clients in order to improve their performance and assure their satisfaction. Also there is a number of obstacles that limit the implementation of such a concept in Saudi Arabia, related to the economic factors of the market and business, regulations, and related to the auditing profession itself. In addition the results of the empirical study indicates that there is an adverse relationship between providing value-added audits and auditor’s independence. Finally, the paper is concluded by providing some recommendations, such as Stressing that the provision of value-added auditing in the Kingdom of Saudi Arabia requires the existence of a more transparent business environment as well as professional firms’ compliance to continuously develop the capabilities of their professional members of staff allowing them to capture new concepts and methods of their professional practices, and while, on the other hand, the growing demand on such a service requires increasing beneficiary parties’ awareness of its significant, implementation requirements and additional features as well as assuring that its provision does not affect the auditor’s independence.
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ISSN |
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1319-0997 |
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Journal Name |
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Economics and Administration Journal |
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Volume |
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22 |
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Issue Number |
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1 |
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Publishing Year |
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1429 AH
2008 AD |
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Article Type |
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Article |
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Added Date |
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Sunday, October 11, 2009 |
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