Auditor Stress: Literature Review and Classification
The aim of this study is to review the effects of the recent auditing quality standards on auditing companies and auditors and also review the literature about auditor stress stemming from other stress factors, which have impacts on audit quality. In the
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Auditor Stress: Literature Review and Classification Iffet Kesimli, Serol Karalar and Özgür Tasdemir
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Introduction
External auditors have important roles in moving the economy on solid foundations. “An external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is independent of the entity being audited. Users of these entities’ financial information, such as investors, government agencies, and the general public, rely on the external auditor to present an unbiased and independent audit report.”1 The most important role in the progress of the external auditing industry is to look for safe investment ports of the companies’ interest groups. It is a search for a neutral expert to audit the financial statements prepared by the companies. Although external auditors have the training and experience to carry out audits of very large companies, the management corruption, financial crises, and strict working conditions of auditors after the 1980s created stress for auditors. The training, internship, and post-examination continuing education required to become an external auditor will increase the professional qualification of the external auditor and at the same time ensure that the country’s economy is reliable and sustainable. For this reason, external audit practice is spreading all over the 1
External auditor, https://en.wikipedia.org/wiki/External_auditor, Accessed on March 15, 2017.
I. Kesimli (&) Kırklareli University, Kırklareli, Turkey e-mail: [email protected] S. Karalar Ö. Tasdemir Trakya University, Edirne, Turkey e-mail: [email protected] Ö. Tasdemir e-mail: [email protected] © Springer Nature Singapore Pte Ltd. 2018 K. T. Çalıyurt and R. Said (eds.), Sustainability and Social Responsibility of Accountability Reporting Systems, Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application, https://doi.org/10.1007/978-981-10-3212-7_18
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world. Nevertheless, competition in the market, customer retention habits, and external auditors who violate fair competition rules have proved that it is not important to set rules only in the external audit sector. All of these create stress for external auditors who want to work ethically. External auditing is prepared in a much wider perspective than national standards and very differently from tax-oriented financial statements. In this context, external auditing has to implement international accounting and valuation standards as well as international auditing standards in terms of accountability. External auditing firms are obliged to undertake and constantly monitor certain stresses in order to improve quality. Institutions that regulate external auditing in Turkey and in the world2,3 disclose quality control standards for raising the working standards of external auditors, guaranteeing the accuracy of auditor reports to the public and related organizations after company audit, and s
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