International Journal of Accounting and Management Sciences (IJAMS)
Vol2 No.1 January 2023
DOI https://www.doi.org/10.56830/LVKQ8326
Authors
Dr. Magdy Shokry Fawzy Mohamed
Abstract
The criticism of the audit profession and the financial scandals are the main factor for the appearance of new legislation. The Joint audit considered a way to mitigate the threats that affect the auditor independence. Audit rotation can improve audit process quality because audit rotation has a positive effect on the independence of the auditor. The data included 34 companies in 14 sectors during five years: so there are two factors the first factor is the time in years and the second factor is the companies. This study included a dependent variable the value of a firm and 12 independent variables. Random effects model and fixed effects model were performed to caption the information of the data. There is a statistical evidence that the audit rotation has a significance effect on increasing the value of a firm and positive effect on the auditor independence; while the joint audit has a non-significance effect on the value of a firm and the auditor independence.
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