Audit Quality: A Bibliometric Analysis (1981-2020)

Aysegul Ciger

Abstract


The increase in the number of studies on audit quality and the interest of both researchers and authorities in the subject in recent years has been the motivation of the study. Bibliometry was chosen as a method in the study because it provides the opportunity to look at the literature of the area studied from a broad perspective. The study aims to make a bibliometric analysis of studies published in English in the field of social sciences in the Scopus database on audit quality (AQ). This analysis covers 1419 articles from 1981 to March 2020. It has been determined that academic research on AQ has increased dramatically since the 2000s. ‘Audit quality’, ‘audit fees’, ‘earning management’ issues are up-to-date in the studies carried out; Researches on ‘Public Company Accounting Oversight Board' (PCAOB), ‘financial reporting’ and ‘audit committee’ turned out to be on the rise. The country that gets the most citation on the subject is USA. It was also concluded that numerous non-authors frequently collaborated amongst them to contribute to the development of the field. In addition, although there are publications using a qualitative research method with the increasing number of publications with AQ, it is the first bibliometric and social network analysis in the study area. While this study helps to create the conceptual framework that still causes controversy in the field of AQ; It can be a guiding resource in determining future studies and regulations.


Keywords


audit quality; auditing; bibliometric analysis; auditor; PCAOB.

JEL Codes


C00; M42.

Full Text:

PDF

References


Aghaei Chadegani, A., 2011. Review of studies on audit quality. International Proceedings of Economics Development and Research, 20, 312-317. http://dx.doi.org/10.2139/ssrn.2227359

Arens, A. A., Elder, R. J., and Mark, B., 2012. Auditing and Assurance Services: An Integrated Approach. Boston: Prentice Hall.

Aria, M., and Cuccurullo, C., 2017. Bibliometrix: An R-Tool for Comprehensive Science Mapping Analysis. Journal of Informetrics, 11(4), 959-975. http://dx.doi.org/10.1016/j.joi.2017.08.007

Aria, M., Misuraca, M., and Spano, M., 2020. Mapping the Evolution of Social Research and Data Science on 30 Years of Social Indicators Research. Social Indicators Research, 149(3), 803-831. http://dx.doi.org/10.1007/s11205-020-02281-3

Balsam, S., Krishnan, J., and Yang, J. S., 2003. Auditor Industry Specialization and Earnings Quality. Auditing, 22(2), 71-97. http://dx.doi.org/10.2308/aud.2003.22.2.71

Becker, C. L., DeFond, M. L., Jiambalvo, J., and Subramanyam, K. R., 1998. The Effect of Audit Quality on Earnings Management. Contemporary Accounting Research, 15(1), 1-24. http://dx.doi.org/10.1111/j.1911-3846.1998.tb00547.x

Behrend, J., and Eulerich, M., 2019a. The Evolution of Internal Audit Research: A Bibliometric Analysis of Published Documents (1926-2016). Accounting History Review, 29(1), 103-139. http://dx.doi.org/10.1080/21552851.2019.1606721

Behrend, J., and Eulerich, M., 2019b. Four Decades of Audit Committee Research: A Bibliometric Analysis (1977-2018). SSRN. http://dx.doi.org/10.2139/ssrn.3496040

Blanco-Mesa, F., Merigo, J. M., and Gil-Lafuente, A. M., 2017. Fuzzy Decision Making: A Bibliometric-Based Review. Journal of Intelligent & Fuzzy Systems, 32(3), 2033-2050. http://dx.doi.org/10.3233/JIFS-161640

Blondel, V. D., Guillaume, J.-L., Lambiotte, R., and Lefebvre, E., 2008. Fast Unfolding of Communities in Large Networks. Journal of Statistical Mechanics, 2008(10). http://dx.doi.org/10.1088/1742-5468/2008/10/P10008

Bornmann, L., and Leydesdorff, L., 2014. Scientometrics in a changing research landscape: Bibliometrics has become an integral part of research quality evaluation and has been changing the practice of research. EMBO Reports, 15(12), 1228-1232. http://dx.doi.org/10.15252/embr.201439608

Cancino, C. A., Merigo, J. M., Torres, J. P., and Diaz, D., 2018. A Bibliometric Analysis of Venture Capital Research. Journal of Economics, Finance and Administrative Science, 23(45), 182-195. http://dx.doi.org/10.1108/JEFAS-01-2018-0016

CAQ, 2016. Audit Quality Indicators: The Journey and Path Ahead. Center of Audit Quality. from https://www.thecaq.org/wp-content/uploads/2019/03/auditqualityindicators_journeyandpath2016-2.pdf

CAQ, 2020. Our Mission. Center of Audit Quality from https://www.thecaq.org/about-us/

Carcello, J. V., and Nagy, A. L., 2004. Audit Firm Tenure and Fraudulent Financial Reporting. Auditing, 23(2), 55-69. http://dx.doi.org/10.2308/aud.2004.23.2.55

Cunningham, L. A., 2002. The Sarbanes-Oxley Yawn: Heavy Rhetoric, Light Reform (and It Just Might Work). Connecticut Law Review, 35, 915. http://dx.doi.org/10.2139/ssrn.337280

DeAngelo, L. E., 1981. Auditor Size and Audit Quality. Journal of Accounting and Economics, 3(3), 183-199. http://dx.doi.org/10.1016/0165-4101(81)90002-1

DeFond, M., and Zhang, J., 2014. A Review of Archival Auditing Research. Journal of Accounting and Economics, 58(2-3), 275-326. http://dx.doi.org/10.1016/j.jacceco.2014.09.002

Ellegaard, O., and Wallin, J. A., 2015. The bibliometric analysis of scholarly production: How great is the impact? Scientometrics, 105(3), 1809-1831. http://dx.doi.org/10.1007/s11192-015-1645-z

FEE, 2016. Overview of Audit Quality Indicators Initiatives Update to December 2015. Federation of European Accountants. from https://www.accountancyeurope.eu/wp-content/uploads/1607_Update_of_Overview_of_AQIs.pdf

Folador, E. L., Fiirst, C., Baldissera, J. F., Toigo, L. A., and Capponi, N. F., 2018. Propriedades Da Auditora Continua e Auditoria de Sistemas: Uma Analise Bibliometrica e Sociometrica Na Base Scopus e No Congresso Internacional de Gestao Da Tecnologia e Sistemas de Informacao (Contecsi). Revista Contabilidade e Controladoria, 10(1). http://dx.doi.org/10.5380/rcc.v10i1.48790

Francis, J. R., 2004. What Do We Know about Audit Quality? The British Accounting Review, 36(4), 345-368. http://dx.doi.org/10.1016/j.bar.2004.09.003

Francis, J. R., 2011. A Framework for Understanding and Researching Audit Quality. Auditing, 30(2), 125-152. http://dx.doi.org/10.2308/ajpt-50006

Francis, J. R., and Yu, M. D., 2009. Big 4 Office Size and Audit Quality. The Accounting Review, 84(5), 1521-1552. http://dx.doi.org/10.2308/accr.2009.84.5.1521

FRC, 2006. Discussion Paper, Promoting Audit Quality. Financial Reporting Council. from https://www.frc.org.uk/getattachment/87498b3e-0aec-417c-b804-8b0c461174c8/Discussion-Paper-Promoting-Audit-Quality-Nov-2006.pdf

Gazni, A., Sugimoto, C. R., and Didegah, F., 2012. Mapping World Scientific Collaboration: Authors, Institutions, and Countries. Journal of the American Society for Information Science and Technology, 63(2), 323-335. http://dx.doi.org/10.1002/asi.21688

Ghosh, A., and Moon, D., 2005. Auditor Tenure and Perceptions of Audit Quality. The Accounting Review, 80(2), 585-612. http://dx.doi.org/10.2308/accr.2005.80.2.585

Godin, B., 2006. On the Origins of Bibliometrics. Scientometrics, 68(1), 109-133. http://dx.doi.org/10.1007/s11192-006-0086-0

IAASB, 2011. Audit Quality: An IAASB Perspective. International Auditing and Assurance Standards Board. from https://www.ifac.org/system/files/publications/files/audit-quality-an-iaasb-per.pdf

IAASB, 2014. A Framework for Audit Quality – Key Elements that Create an Environment for Audit Quality. International Auditing and Assurance Standards Board. from https://www.ifac.org/system/files/publications/files/A-Framework-for-Audit-Quality-Key-Elements-that-Create-an-Environment-for-Audit-Quality-2.pdf

IAASB, 2020a. About IAASB. International Auditing and Assurance Standards Board. from https://www.iaasb.org/about-iaasb

IAASB, 2020b. Focus On Audit Quality. International Auditing and Assurance Standards Board. from https://www.iaasb.org/focus-areas/focus-audit-quality#:~:text=As%20the%20global%20auditing%20standard,and%20financial%20reporting%20more%20broadly

ICAEW, 2005. AuditQuality Agency theory and the role of audit. Institute of Chartered Accountants in England and Wales. from https://www.icaew.com/-/media/corporate/files/technical/audit-and-assurance/audit-quality/audit-quality-forum-fundamentals/fundamentals-agency-theory-and-the-role-of-audit.ashx#:~:text=Audits%20serve%20a%20fundamental%20purpose,decision%2Dmaking%20authority%20to%20them

Johnson, V. E., Khurana, I. K., and Kenneth Reynolds, J., 2002. Audit-Firm Tenure and the Quality of Financial Reports. Contemporary Accounting Research, 19(4), 637-660. http://dx.doi.org/10.1506/LLTH-JXQV-8CEW-8MXD

Kilgore, A., Harrison, G., and Radich, R., 2014. Audit Quality: What's Important to Users of Audit Services. Managerial Auditing Journal, 29(9), 776-799. http://dx.doi.org/10.1108/MAJ-08-2014-1062

Kilgore, A., Radich, R., and Harrison, G., 2011. The Relative Importance of Audit Quality Attributes. Australian Accounting Review, 21(3), 253-265. http://dx.doi.org/10.1111/j.1835-2561.2011.00141.x

Knechel, W. R., Krishnan, G. V., Pevzner, M., Shefchik, L. B., and Velury, U. K., 2012. Audit Quality: Insights from the Academic Literature. AUDITING: A Journal of Practice & Theory, 32(Supplement 1), 385-421. http://dx.doi.org/10.2308/ajpt-50350

Lee, I.-S., Lee, H., Chen, Y.-H., and Chae, Y., 2020. Bibliometric Analysis of Research Assessing the Use of Acupuncture for Pain Treatment Over the Past 20 Years. Journal of Pain Research, 13, 367-376. http://dx.doi.org/10.2147/JPR.S235047

Lohmann, C., and Eulerich, M., 2017. Publication Trends and the Network of Publishing Institutions in Accounting: Data on The Accounting Review, 1926-2014. Accounting History Review, 27(1), 1-25. http://dx.doi.org/DOI:10.1080/21552851.2016.1192049

Marassi, R. B., Brizolla, M. M., and Roberto da Cunha, P., 2014. Produção Científica Sobre Rodízio de Auditoria: Uma Análise Bibliométrica e Sociométrica Nas Bases Sciense Direct e Scopus. Revista Evidenciação Contábil & Finanças, 2(1), 4-21. http://dx.doi.org/10.18405/recfin20140101

Martinez-Lopez, F. J., Merigo, J. M., Valenzuela-Fernandez, L., and Nicolas, C., 2018. Fifty Years of the European Journal of Marketing: A Bibliometric Analysis. European Journal of Marketing, 52(1/2), 439-468. http://dx.doi.org/10.1108/EJM-11-2017-0853

Massaro, M., Dumay, J., and Guthrie, J., 2016. On the shoulders of giants: Undertaking a structured literature review in accounting. Accounting, Auditing & Accountability Journal, 29(5), 767-801. http://dx.doi.org/10.1108/AAAJ-01-2015-1939

Melo Ribeiro, H. C., 2015. Análise Das Pesquisas Sobre Auditoria Publicadas Em Periódicos Brasileiros. Advances in Scientific and Applied Accounting, 8(1), 88-112. http://dx.doi.org/10.14392/asaa.2015080105

Merigo, J. M., Gil-Lafuente, A. M., and Yager, R. R., 2015. An Overview of Fuzzy Research with Bibliometric Indicators. Applied Soft Computing, 27, 420-433. http://dx.doi.org/10.1016/j.asoc.2014.10.035

Merigo, J. M., and Nunez, A., 2016. Influential journals in health research: A bibliometric study. Globalization and Health, 12(1), 46. http://dx.doi.org/10.1186/s12992-016-0186-4

Merigo, J. M., and Yang, J.-B., 2017. Accounting Research: A Bibliometric Analysis. Australian Accounting Review, 27(1), 71-100. http://dx.doi.org/10.1111/auar.12109

Montenegro, T. M., and Brás, F. A., 2018. A Review of the Concept and Measures of Audit Quality across Three Decades of Research. International Journal of Accounting, 14(2/3), 183-253. http://dx.doi.org/10.1504/IJAAPE.2018.091063

Öztürk, S., and Yilmaz, C., 2018. Denetim ve Adli Muhasebe Alanındaki Çalışmaların Bibliyometrik Analiz Tekniği ile İncelenmesi. Karadeniz Uluslararası Bilimsel Dergi, 39(39), 173-188. http://dx.doi.org/10.17498/kdeniz.406270

Palmrose, Z. V., 1988. An Analysis of Auditor Litigation and Audit Service Quality. The Accounting Review, 63(1), 55-73.

PCAOB, 2013. Discussion-Audit Quality indicators. Public Company Accounting Oversight Board. from https://pcaobus.org//Information/Documents/11142013_AQI_Discussion.pdf

PCAOB, 2020. About the PCAOB. Public Company Accounting Oversight Board. from https://pcaobus.org/About

Pritchard, A., 1969. Statistical Bibliography or Bibliometrics. The Journal of Documentation, 25(4), 348-349.

Reichelt, K. J., and Wang, D., 2010. National and Office-Specific Measures of Auditor Industry Expertise and Effects on Audit Quality. Journal of Accounting Research, 48(3), 647-686. http://dx.doi.org/10.1111/j.1475-679X.2009.00363.x

Samiee, S., and Chabowski, B. R., 2012. Knowledge Structure in International Marketing: A Multi-Method Bibliometric Analysis. Journal of the Academy of Marketing Science, 40(2), 364-386. http://dx.doi.org/10.1007/s11747-011-0296-8

Teck-Heang, L. E. E., and Azham, M. A., 2008. The Evolution of Auditing: An Analysis of the Historical Development. Journal of Modern Accounting and Auditing, 4(12).

Tepalagul, N., and Lin, L., 2015. Auditor Independence and Audit Quality: A Literature Review. Journal of Accounting, Auditing & Finance, 30(1), 101-121. http://dx.doi.org/10.1177/0148558X14544505

Uyar, A., Kilic, M., and Koseoglu, M. A., 2020. Exploring the Conceptual Structure of the Auditing Discipline through Co-Word Analysis: An International Perspective. International Journal of Auditing, 24(1), 53-72. http://dx.doi.org/10.1111/ijau.12178

Valenzuela, L. M., Merigo, J. M., Johnston, W. J., Nicolas, C., and Jaramillo, J. F., 2017. Thirty Years of the Journal of Business & Industrial Marketing: A Bibliometric Analysis. Journal of Business and Industrial Marketing, 32(1), 1-17. http://dx.doi.org/10.1108/JBIM-04-2016-0079

Waltman, L., and Noyons, E., 2018. Bibliometrics for Research Management and Research Evaluation: A Brief Introduction. Universiteit Leiden. https://www.cwts.nl/pdf/CWTS_bibliometrics.pdf.




DOI: http://dx.doi.org/10.47743/saeb-2020-0031

Refbacks

  • There are currently no refbacks.