The Impact of Adopting the Joint Audit Approach on the Experience of External Auditors: A Field Study in The Republic of Yemen

Abstract

The aim of this study was to measure the impact of adopting the Joint Audit Approach on the experience of external auditors. A field study was conducted on a sample of audit firms and offices in the Republic of Yemen. The study followed a descriptive analytical approach and used a questionnaire to collect data from a sample of 41 legal auditors. The data was analyzed using SPSS V.27 and SMART.PLS 3 software. The study found that the dimensions of adopting the Joint Audit Approach, in terms of their level of impact on the experience of external auditors, were ranked as follows: task distribution in joint auditing, planning for joint auditing, cost of joint auditing, joint audit reporting, and independence of external auditors. The study also found high approval for local technical skills and global technical skills There was a statistically significant impact of adopting the Joint Audit Approach on the experience of external auditors. The study recommended focusing on the independence of external auditors in terms of legal responsibility and bridging the gap between applied standards and market needs. It also suggested improving the task distribution in joint auditing to enhance its contribution to obtaining strong evidence in the auditing process and dividing the work in a way that enables a faster auditing process. Additionally, it emphasized the importance of client management's commitment to controls that affect the efficiency and effectiveness of the internal control system, as well as activating the role of prediction to reduce the likelihood of audit risks.