Compliance with Reporting on Assurance Services | ||
| مجلة البحوث التجارية | ||
| Article 9, Volume 41, Issue 4, October 2019, Pages 3-31 PDF (195.64 K) | ||
| Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة | ||
| DOI: 10.21608/zcom.2020.123393 | ||
| Author | ||
| شريف عبدالسلام المصري* | ||
| قسم المحاسبة، کلية التجارة، جامعة الزقازيق، الزقازيق، مصر | ||
| Abstract | ||
| Abstract This study examines the compliance of the audit firms with reporting on assurance services other than audit of financial statements for the companies listed in the Egyptian stock exchange market. The study analyzes the professional issues, laws, and codes that related to the assurance services and its requirements, in order to evaluate the role of audit firms in view of the Egyptian and international professional standards of assurance services, especially Sarbanes-Oxley act (SOX). This study investigates the audit firm’s reports and adopts personal interviews for independent random sample of auditors within the selected sample of the audit firms. The study sample is all audit firms (67) that audit all companies listed for all sectors in the Egyptian stock exchange for 10 years from 2008 to 2017. Analysis of the professional issues shows converge between the Egyptian and international standard of assurance engagement. The results indicate that small number of audit firms comply with reporting on certain types of assurance services such as assessments of internal control structure’s effectiveness, assessment of compliance with corporate governance’s principles, assessment of compliance with environmental, occupational safety, and Health Care requirements. The Egyptian business environment doesn’t ensure the reporting on assurance services, since it is not obligatory requirement but a voluntary basis. | ||
| Keywords | ||
| assurance engagement; reporting on assurance services; Sarbanes-Oxley act (SOX); internal control structure’s effectiveness; compliance with corporate governance’s principles; compliance with environmental, occupational safety, and Health Care requirements | ||
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