Open AccessSocial Ties impacting Audit Quality Exploring Government Entities
Author(s) -
Madiha Irshad,
Amoor
Publication year - 2021
Publication title -
journal of business and social review in emerging economies
Language(s) - English
Resource type - Journals
eISSN - 2519-089X
pISSN - 2519-0326
DOI - 10.26710/jbsee.v7i4.2028
Subject(s) - audit , language change , quality audit , business , government (linguistics) , reputation , public relations , originality , accounting , seriousness , transparency (behavior) , quality (philosophy) , qualitative research , political science , sociology , art , social science , linguistics , philosophy , literature , epistemology , law
Purpose: The purpose of the study is to analyze the first hand data regarding intimacies between government entities and government audit institution of Pakistan, to see its impact on the quality.
Design/Methodology/Approach:
Qualitative research design is used to explore the concept base on theoretical saturation technique.
Findings: The results revealed by default presence of social ties among interactive agents. It further explores indirect relationship between audit quality and social interactions in the presence of petty corruption due to familiarity, unwarranted mutual trust and favoritism however this relationship is shifted toward direct relationship in the presence of material corruption due to fear of losing good reputation, loss of job, fear of departmental inquiry, threat of floating your weaknesses before your rival clique.
Implications/Originality/Value: The results presented in this paper should therefore be of great interest to government, regulators and standard-setters charged with developing accounting standards to improve the audit quality of reporting information related to existing government auditing setup.