International Conference on Economics, Finance & Business, Prague

THE ROLE OF PEER REVIEWING AS A MECHANISM IN AUDIT QUALITY CONTROL IN THE AUDIT QUALITY DETERIORATION - THE CASE OF ALGERIA.

KADA BAHIRI

Abstract:

Quality control in auditing is a major issue for both the profession and regulators. One of the most common methods for conducting this control is peer reviewing, a quality control method based on one audit firm examining the compliance of another audit firm with quality standards. However, this audit quality control mechanism has recently been subject to several criticisms and has been blamed for its contribution to decline audit quality in many countries, including Algeria. In this context, this study aimed to assess the role of the peer reviewing mechanism used to perform the quality control of auditing in the deterioration of audit quality in Algeria. The descriptive approach was used to describe the aspects of the concept of auditing quality and analyze the various factors influencing it. A questionnaire was also distributed to statutory auditors in Algeria to obtain their opinions on the subject. The study concluded that although this mechanism is deficient in the control of auditing quality, auditors view it as the best method to perform a relevant control of auditing quality.

Keywords: Quality control, peer reviewing, auditing, auditing quality