The antecedents of COVID-19 contagion on quality of audit evidence in Egypt
Journal of Accounting in Emerging Economies
ISSN: 2042-1168
Article publication date: 14 August 2023
Abstract
Purpose
This study assesses the perception of academics and practitioners of ramifications that may have impacted audit evidence quality during COVID-19 in Egypt.
Design/methodology/approach
A questionnaire was collected and designed regarding the factors affecting the quality of audit evidence during the COVID-19 pandemic using a five-point Likert scale, and detailed descriptive statistics and regression analyses were conducted.
Findings
The study finds that there is no significant association between social distancing (SD), changing in the economic environment (CEE), time constraint (TC) and stress on audit personnel (SAP) as repercussions of the COVID-19 pandemic with the quality of audit evidence (QAE). The disruption in operational results (DOR), changes in the internal control (CIC) and the stress on client personnel (SCP) significantly affect the quality of audit evidence. Moreover, there is a significant difference between Big and non-Big Four audit firms in terms of changes in economic conditions, internal controls, disruption of operational results and time-constraint variables. The latter has significantly affected the audit evidence quality for both academics and professionals.
Practical implications
Due to the implementation of SD and work-from-home policies, audit firms are highly recommended to invest more in digital programs and to be more adaptable to work-from-home, which policy and enhances the effectiveness and flexibility of communication between auditors and their clients.
Originality/value
This paper is one of the foremost papers that provides empirical evidence for the antecedents or variables that may affect audit quality evidence due to the COVID-19 pandemic.
Keywords
Acknowledgements
Corrigendum: It has come to the attention of the publisher that the article “The antecedents of COVID-19 contagion on quality of audit evidence in Egypt” by Karim Hegazy, Mohamed A.K. Basuony, Neveen Noureldin and Marwa Farghaly, published in Journal of Accounting in Emerging Economies, Vol. ahead-of-print, No. ahead-of-print, https://doi.org/10.1108/JAEE-12-2022-0347, contained an error in the author order. This error was introduced during the submission process. The order has been corrected online and changed to Marwa Farghaly, Mohamed A.K. Basuony, Neveen Noureldin and Karim Hegazy. The authors sincerely apologise for this error and for any misunderstanding.
Since acceptance of this article, the following author have updated the affiliations: Marwa Farghaly is at the The Knowledge Hub University- Coventry University Egypt Branch.
Citation
Farghaly, M., Basuony, M.A.K., Noureldin, N. and Hegazy, K. (2023), "The antecedents of COVID-19 contagion on quality of audit evidence in Egypt", Journal of Accounting in Emerging Economies, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JAEE-12-2022-0347
Publisher
:Emerald Publishing Limited
Copyright © 2023, Emerald Publishing Limited