Personal and Organization Factors Affecting the Effectiveness of the Standard on Quality Control in Audit Firm (Medium and Small Audit Firms Outside the Capital Market and the Auditors Working Alone)

Abstract

This article aimed to (1) study the effectiveness of the standard on quality control in audit firms; (2) study personal and organizational factors affecting the effectiveness of the standard on quality control in audit firms; and (3) present the research results to the Federation of Accounting Professions in preparation for the implementation of the two new quality management standards. The samples consisted of 143 certified public accountants who registered with the Federation of Accounting Professions. The questionnaire was used as a research tool. The analysis included descriptive statistics, one-way ANOVA, and multiple regression analysis. The research results were found as follows:

1. The overall performance of the standard on quality control was moderate. Only one aspect of ethics had a high level.

2. The effectiveness differed according to level of education and age. While the influence test found that knowledge and understanding of the standard on quality control affected positively all dimensions of effectiveness, The revenue had a positive impact on leadership. Conversely, the experience negatively affected ethics, customer relationships, operations, and monitoring.