OFFSHORE COMPANIES AUDIT PROCESS EFFECTIVENESS: EVIDENCE FROM LEBANESE AUDITING PROFESSION

Authors

Jalal Kibrit, PhD Candidate, Faculty of Business Administration, Beirut Arab University, LebanonFollow
Rasha Nouraldeen Assistant Prof., Assistant Professor, Faculty of Business Administration, Beirut Arab University, LebanonFollow
Wagdi Hegazy Prof., Professor, Faculty of Business Administration, Beirut Arab University, LebanonFollow

Author ORCID Identifier

Jalal Kibrit - https://orcid.org/0000-0001-7994-3420

Wagdi Hegazi - https://orcid.org/0000-0002-7709-6106

Rasha Nouraldeen - https://orcid.org/0000-0001-6336-5072

Abstract

This research aims to examine whether audit planning, audit strategy, and audit documentation have a significant impact on the effectiveness of the audit process. It also aims to explore the impact of audit technology on the audit process for offshore companies in Lebanon. This study adds to and contributes to the literature that has examined the separate impacts of each of the above variables on the effectiveness of the audit process. The sample size of this study is 106 certified public accountants who are members of the Lebanese Association of Certified Public Accountants (LACPA). Empirical data was collected using a questionnaire form to test four generated hypotheses. Results show that for e-commerce companies, there is a positive and significant impact of audit planning and audit documentation, on the effectiveness of the audit process. In contrast, there is no significant positive impact of audit strategy on the effectiveness of the audit process. On the other hand, the outcome for offshore companies shows that there is no positive significant impact of audit planning on the effectiveness of the audit process, while there is a positive significant impact of audit strategy and audit documentation on the effectiveness of the audit process. Regarding the association between the adoption of audit technology tools and the effectiveness of the audit process, results show that offshore companies support this association. The researcher faced restrictions on the size of the sample used in this study. This limitation can affect the final results, as the smaller the sample size, the higher the marginal error.

Keywords

Audit planning, audit strategy, audit documentation, effectiveness of audit process, audit tools technology, offshore companies, Lebanon.

Erratum

Abstract has been modified due to the existence of irrelevant content that is added by mistake to this article abstract.

Refer to the following link https://digitalcommons.bau.edu.lb/schbjournal/vol5/iss1/16/ for the corrected abstract.

Recommended Citation

Kibrit, Jalal; Nouraldeen, Rasha Assistant Prof.; and Hegazy, Wagdi Prof. (2023) "OFFSHORE COMPANIES AUDIT PROCESS EFFECTIVENESS: EVIDENCE FROM LEBANESE AUDITING PROFESSION," BAU Journal - Society, Culture and Human Behavior: Vol. 4: Iss. 2, Article 9.
DOI: https://doi.org/10.54729/2789-8296.1130