An Analysis of Multi-Location Audit Risk Factors and the Improvement of the Audit Process: An Empirical Study

Hegazy, Mohamed and El Nahass, Marwa. (2012) An analysis of multi-location audit risk factors and the improvement of the audit process: An empirical study. Journal of economics and engineering, 3(1), 35-48

14 Pages Posted: 18 Jun 2014

See all articles by Mohamed A. Hegazy

Mohamed A. Hegazy

Department of Accounting, The American University in Cairo

Date Written: April 1, 2012

Abstract

Purpose - This study aims to explore and explain the risk factors affecting Multi-location Audit Risk.

Methodology - An empirical study was conducted for the assessment of multi-locations audit risk factors applied in the Egyptian audit firms. The researchers joined an audit team in one of the largest Egyptian audit firms for a period of about six months observing how multilocation audits are performed. The researchers used a questionnaire and interviews with professional senior auditors. A number of hypotheses were tested using descriptive data analysis and Spearman correlations.

Findings - The results showed that the study hypotheses are accepted. They further indicated the absence of direct guidelines for professional auditors in performing multi location audits in Egypt.

Value - The main contribution of this study is detailed analysis of the nature of Multi-location audit risk leading to a proposed multi-location audit framework. This framework was divided into sections that reflected the preplanning and the substantive tests in multi-location audit firms in Egypt. This framework included proposed audit procedures to help audit practitioners perform a quality audit.

Keywords: Multilocation audits, multilocation audit risk, Audit risk, Audit risk model

JEL Classification: 41

Suggested Citation

Hegazy, Mohamed A., An Analysis of Multi-Location Audit Risk Factors and the Improvement of the Audit Process: An Empirical Study (April 1, 2012). Hegazy, Mohamed and El Nahass, Marwa. (2012) An analysis of multi-location audit risk factors and the improvement of the audit process: An empirical study. Journal of economics and engineering, 3(1), 35-48. Available at SSRN: https://ssrn.com/abstract=2450697

Mohamed A. Hegazy (Contact Author)

Department of Accounting, The American University in Cairo ( email )

6 Boulos Hanna Street
Dokki
Cairo
Egypt
0020101699301 (Phone)
0020237600215 (Fax)

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