Non-audit services and auditor independence: empirical findings from Bahrain.
We report on a questionnaire survey of audit firms and listed companies in the Kingdom of Bahrain to investigate the perceptions on the issue of auditors' independence with regard to rendering non-audit services (NAS). Our survey results of auditors and client executives support the proposition that...
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2007
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Non-audit services and auditor independence: empirical findings from Bahrain. Joshi, Prem Lal. Bremser, Wayne G. Hemalatha, J. Al-Mudhaki, Jawahar. We report on a questionnaire survey of audit firms and listed companies in the Kingdom of Bahrain to investigate the perceptions on the issue of auditors' independence with regard to rendering non-audit services (NAS). Our survey results of auditors and client executives support the proposition that independence is impaired if the auditor also renders non-audit services. However, most respondents from both groups indicated that NAS provided by company auditors affects the auditor independence to a limited extent only, and opine that such services should not be prohibited. Most listed companies obtain NAS from their company auditors, but the NAS fee ratio to audit fees is not high. Auditors and listed companies perceive that independence is not at all compromised or tends to be compromised to a limited extent for 15 types of NAS. The perceptions differed based on the size, non-audit fees and foreign operations for some of the NAS. 2007 Villanova Faculty Authorship vudl:174945 International Journal of Accounting, Auditing and Performance Evaluation 4(1), 2007, 57-89. en |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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Joshi, Prem Lal. Bremser, Wayne G. Hemalatha, J. Al-Mudhaki, Jawahar. |
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We report on a questionnaire survey of audit firms and listed companies in the Kingdom of Bahrain to investigate the perceptions on the issue of auditors' independence with regard to rendering non-audit services (NAS). Our survey results of auditors and client executives support the proposition that independence is impaired if the auditor also renders non-audit services. However, most respondents from both groups indicated that NAS provided by company auditors affects the auditor independence to a limited extent only, and opine that such services should not be prohibited. Most listed companies obtain NAS from their company auditors, but the NAS fee ratio to audit fees is not high. Auditors and listed companies perceive that independence is not at all compromised or tends to be compromised to a limited extent for 15 types of NAS. The perceptions differed based on the size, non-audit fees and foreign operations for some of the NAS. |
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International Journal of Accounting, Auditing and Performance Evaluation 4(1), 2007, 57-89. |
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Joshi, Prem Lal. Bremser, Wayne G. Hemalatha, J. Al-Mudhaki, Jawahar. |
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Joshi, Prem Lal. Bremser, Wayne G. Hemalatha, J. Al-Mudhaki, Jawahar. Non-audit services and auditor independence: empirical findings from Bahrain. |
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Joshi, Prem Lal. Bremser, Wayne G. Hemalatha, J. Al-Mudhaki, Jawahar. |
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International Journal of Accounting, Auditing and Performance Evaluation 4(1), 2007, 57-89. |
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Joshi, Prem Lal. |
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2007 |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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We report on a questionnaire survey of audit firms and listed companies in the Kingdom of Bahrain to investigate the perceptions on the issue of auditors' independence with regard to rendering non-audit services (NAS). Our survey results of auditors and client executives support the proposition that independence is impaired if the auditor also renders non-audit services. However, most respondents from both groups indicated that NAS provided by company auditors affects the auditor independence to a limited extent only, and opine that such services should not be prohibited. Most listed companies obtain NAS from their company auditors, but the NAS fee ratio to audit fees is not high. Auditors and listed companies perceive that independence is not at all compromised or tends to be compromised to a limited extent for 15 types of NAS. The perceptions differed based on the size, non-audit fees and foreign operations for some of the NAS. |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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Non-audit services and auditor independence: empirical findings from Bahrain. |
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non-audit services and auditor independence: empirical findings from bahrain. |
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