Corporate Governance and the Quality of Audit Process: An Exploratory Analysis Considering Internal Audit, Audit Committee and Board of Directors

This research aims to offer a better understanding concerning the relationships between Internal Corporate Governance Mechanisms and quality of external audit process what are governance mechanisms that can influence some aspects process. Semi-structured interviews were employed in order get detail views auditors explain clarify how as well Adopting this design (exploratory) was mainly response recent calls there is lack kind study investigate relationship focuses on perception/insight Jordanian regarding Thus, uses sample 206 for survey 13 participants from interview. The qualitative thematic analysis analyse interview data. results highlighted different ways stages ICGMs EAQ, example, through holding effective regular meeting, ensuring auditor compliance with requirements “regular monitoring”, discussing initial significant “draft discussion”, taking necessary follow-up actions “feedback” requesting conduct additional tests which turn enhance EAQ. also suggest ICGM assist improving EAQ such evidence collected by valuable guidance auditor. communication be focused issues related auditors’ findings, effectiveness internal control, scope limitations material misstatements allow indicates that, must aware dynamic deciding role particular have implications practitioners regulators who assessing reliability financial report auditor’s report. empirical findings demonstrate More importantly, reveal practice Jordan experiencing difficulties terms independence especially, small local firms providing non-audit service. In addition, no professional body board director; committee like association certified public accountant (JACPA) auditor, thus, responsibilities these need formally overseen higher authority. For policymakers, offers unique proposition improve achieve These highlight importance solution agency problems reducing information asymmetry, disclosure practice, level confidence assurance reporting deterring opportunistic behaviour parties. extended existing investigated