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 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.

Main Author: Joshi, Prem Lal.
Other Authors: Bremser, Wayne G., Hemalatha, J., Al-Mudhaki, Jawahar.
Language: English
Published: 2007
Online Access: http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:174945
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dc_source_str_mv International Journal of Accounting, Auditing and Performance Evaluation 4(1), 2007, 57-89.
author Joshi, Prem Lal.
author_s Joshi, Prem Lal.
spellingShingle Joshi, Prem Lal.
Non-audit services and auditor independence: empirical findings from Bahrain.
author-letter Joshi, Prem Lal.
author_sort_str Joshi, Prem Lal.
author2 Bremser, Wayne G.
Hemalatha, J.
Al-Mudhaki, Jawahar.
author2Str Bremser, Wayne G.
Hemalatha, J.
Al-Mudhaki, Jawahar.
dc_title_str Non-audit services and auditor independence: empirical findings from Bahrain.
title Non-audit services and auditor independence: empirical findings from Bahrain.
title_short Non-audit services and auditor independence: empirical findings from Bahrain.
title_full Non-audit services and auditor independence: empirical findings from Bahrain.
title_fullStr Non-audit services and auditor independence: empirical findings from Bahrain.
title_full_unstemmed Non-audit services and auditor independence: empirical findings from Bahrain.
collection_title_sort_str non-audit services and auditor independence: empirical findings from bahrain.
title_sort non-audit services and auditor independence: empirical findings from bahrain.
description 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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dc.title Non-audit services and auditor independence: empirical findings from Bahrain.
dc.creator Joshi, Prem Lal.
Bremser, Wayne G.
Hemalatha, J.
Al-Mudhaki, Jawahar.
dc.description 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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